USD/JPY Outlook (30 September 2021)

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USD/JPY Outlook (30 September 2021)

ByJin Dao Tai

 SEP 30, 2021

USD/JPY Outlook (30 September 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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