USD/JPY Outlook (01 September 2021)

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USD/JPY Outlook (01 September 2021)

ByJin Dao Tai

 SEP 1, 2021

USD/JPY Outlook (01 September 2021)

Overall, USD/JPY is ranging across.

The Japanese Consumer Confidence data (Actual: 36.7Forecast: 36.1Previous: 37.5) released yesterday indicated a slight decline in the surveyed households’ view on the Japanese economy.

Currently, USD/JPY is testing to break above the key level of 110. Its next support zone is at 108.800 and the next resistance zone is at 110.800.

Look for buying opportunities of USD/JPY if it breaks above the key level of 110.

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