USD/JPY Outlook (14 January 2020)

Overall, USD/JPY is moving across. Recently, USD/JPY trended higher, breaking the resistance level of 109.600.
Currently, USD/JPY is testing to break the key level of 110 upwards. Its next support level is at 109.600 and the next resistance level is 110.600.
Bank of Japan Governor Kuroda will be delivering brief remarks in a meeting tomorrow at 0830 (SGT).
Look for short-term buying opportunities of USD/JPY while keeping in mind that the U.S. CPI m/m data will be released later at 2130 (SGT).