USD/JPY Outlook (11 November 2019)

2019-11-11 12:50:56

Overall, USD/JPY has been trending upwards. Recently, USD/JPY trended lower after U.S. President Donald Trump said that he has not agreed on the rolling back of tariffs, causing market participants to go risk-off.
Look for short-term selling opportunities of the USD/JPY.
USD/JPY next support level is at 108.200 and the next resistance level is at 110.500.