USD/JPY Outlook (11 December 2019)

Overall, USD/JPY is moving across. Recently, USD/JPY trended higher after news of the U.S. and China planning to delay the December tariff was released, sparking optimism in the U.S.-China trade war.
USD/JPY’s next support level is at 108.000 and the next resistance level is at 109.500.
As the U.S. FOMC will be taking place tomorrow at 0300 (SGT), stay out of USD/JPY for now.