USD/JPY Outlook (20 November 2019)

2019-11-20 12:22:33

Overall, USD/JPY is ranging across. Recently, USD/JPY trended lower.
USD/JPY next support level is at 108.000 and the next resistance level is at 109.400.
Due to the recent trade war uncertainty between the U.S. and China, look for short-term selling opportunities of USD/JPY, keeping in mind that the U.S. FOMC meeting minutes will be released tomorrow at 0300 (SGT).