USD/JPY Outlook (13 December 2019)

Overall, USD/JPY is moving across. Recently, USD/JPY soared after U.S. President Donald Trump twitted that the U.S. is “getting very close to a big deal with China” and that U.S. negotiators are offering to reduce existing tariffs on Chinese imports by up to 50%.
Currently, USD/JPY is testing the resistance level of 109.500 and the next support level is at 108.000.
Due to trade war optimism, look for buying opportunities if USD/JPY breaks the resistance level of 109.500.