USD/JPY Outlook (06 February 2020)

Overall, USD/JPY is ranging across. Recently, USD/JPY moved higher into the resistance level of 110.000.
Earlier today, Bloomberg reported that China will be halving tariffs on some $75 billion of imports from the U.S. from 14 February.
Currently, USD/JPY is testing the resistance level of 110.000 and the next support level is at 108.000.
Look for buying opportunities of USD/JPY if it breaks the resistance level of 110.000.