USD/JPY Outlook (19 November 2019)
2019-11-19 13:54:09
Overall, USD/JPY is ranging across. Recently, USD/JPY trended lower after failing to break the key level of 109.
This morning, Bank of Japan (BoJ) Governor Haruhiko Kuroda reiterated in a statement the possibility of the BoJ lowering interest rate if the “momentum toward achieving the price stability target” is lost.
USD/JPY next support level is at 108.000 and the next resistance level is at 109.400.
Look for short-term selling opportunities of USD/JPY.