ByJin Dao Tai
AUG 5, 2021
Overall, USD/JPY is trending downwards. Recently, USD/JPY strengthened and broke above the key level of 109 after the hawkish remarks on QE tapering sent out by FOMC committee members.
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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