USD/JPY Outlook (30 September 2021)
ByJin Dao Tai
SEP 30, 2021
Overall, USD/JPY is trending upwards. Recently, USD/JPY strengthened and traded into the resistance zone of 112.000.
The Japanese Retail Sales y/y data (Actual: -3.2%, Forecast: -0.9%, Previous: 2.4%) released earlier today indicated a decline in annual consumer spending in August.
The Japanese Unemployment Rate data (Forecast: 2.9%, Previous: 2.8%) will be released tomorrow at 0730 (GMT+8).
Currently, USD/JPY is testing the resistance zone of 112.000 and the next support zone is at 110.800.
Look for short-term buying opportunities of USD/JPY if it breaks the resistance zone of 112.000.
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