USD/JPY Outlook (07 February 2020)

2020-02-07 12:01:09

Overall, USD/JPY is ranging across. Recently, USD/JPY uptrend has stagnated.
Currently, USD/JPY is testing the resistance level of 110.000 and the next support level is at 108.000.
As the U.S. Non-Farm Payroll data will be released later at 2130 (SGT), look for buying opportunities of USD/JPY if the data release is positive.