USD/JPY Outlook (07 January 2020)
2020-01-07 13:29:31
Overall, USD/JPY is moving across. Recently, USD/JPY trended higher, regaining the losses incurred from the risk-off mentality as a result of the death of Iran’s top commander General Qassim Soleimani.
Currently, USD/JPY is testing the resistance level of 108.550 and the support level is at 106.800.
Look for short-term selling opportunities of USD/JPY if it fails to break the resistance level of 108.550.