USD/JPY Outlook (03 February 2020)
2020-02-03 12:27:01
Overall, USD/JPY is ranging across. Recently, USD/JPY trended lower, breaking the key level of 109 downwards.
USD/JPY’s next support level is at 108.000 and the next resistance level is at 110.000.
As market participants are moving to safe haven currencies like the JPY due to the recent coronavirus incident, look for short-term selling opportunities of USD/JPY.