USD/JPY Outlook (22 July 2021)
ByJin Dao Tai
JUL 22, 2021
Overall, USD/JPY is trending downwards. Recently, USD/JPY broke above the key level of 110.
Japanese banks will be closed today in observance of Marine Day. Expect lower trading volatility and volume during the usual Japanese market hours.
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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