ByJin Dao Tai
AUG 3, 2021
Overall, USD/JPY is trending downwards.
The Japanese Consumer Confidence data (Actual: 37.5, Forecast: 37.0, Previous: 37.4) released yesterday indicated little change in the surveyed respondents’ view on the economic conditions in Japan.
Currently, USD/JPY is moving towards the key level of 109. Its next support zone is at 108.500 and the next resistance zone is at 110.800.
Look for selling opportunities of USD/JPY if it breaks below the key level of 109.
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