USD/JPY Outlook (09 March 2020)
2020-03-09 14:16:19
Overall, USD/JPY is trending downwards. Recently, USD/JPY trended lower, breaking the support levels of 105.000 and 103.000 after market participants go risk-averse due to further fears of the worsening coronavirus outbreak.
USD/JPY’s next support level is at 101.600 and its next resistance level is at 103.000.
Look for selling opportunities of USD/JPY.