- Trade War uncertainty
- USD/JPY rejected key level
Price Movement
Since yesterday, USD/JPY moved up by around 40pips before moving back down by around 30pips.
Trend
USD/JPY is trending downwards.
Important Issue
This morning, U.S. Trade Representative Robert Lighthizer said that the Trump administration plans on increasing tariffs on Chinese imports at 12:01am on May 10th this Friday.
Technical
This morning, USD/JPY tested and rejected the 111 key level.
Price Levels
Current Price: 110.684
Next Resistance: 111.700
Next Support: 109.900