ByJin Dao Tai
APR 29, 2021
Overall, USD/JPY is trending downwards. Recently, USD/JPY bounced down from the key level of 109.
Japanese banks will be closed today in observance of Showa Day. Lower trading volatility and volume is expected during the usual Japanese market session.
The Japanese Unemployment Rate data (Forecast: 2.9%, Previous: 2.9%) will be released tomorrow at 0730 (SGT).
Currently, USD/JPY is testing the support zone of 108.500 and the next resistance zone is at 110.800.
Look for selling opportunities of USD/JPY if it breaks the support zone of 108.500.
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