USD/JPY Outlook (24 February 2020)
2020-02-24 12:26:10
Overall, USD/JPY is trending upwards. Recently, USD/JPY has been moving around the resistance level of 111.800.
Japanese banks are closed today in observance of the Emperor’s Birthday. Lower trading volatility and volume is expected during the Tokyo session.
Currently, USD/JPY is testing the resistance level of 111.800 and the next support level is at 110.000.
Stay out of USD/JPY for now.