USD/JPY Outlook (21 June 2021)
ByJin Dao Tai
JUN 21, 2021
Overall, USD/JPY is trending upwards.
During their monetary policy meeting last Friday, the Bank of Japan (BoJ) held monetary policy unchanged. In addition, the central bank has extended its pandemic-relief programme by six months to provide financial support to firms.
USD/JPY’s next support zone is at 108.500 and the next resistance zone is at 110.800.
Look for short-term buying opportunities of USD/JPY.
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