Overall, USD/JPY is ranging across. Recently, USD/JPY moved lower, breaking below the key level of 106.
Yesterday, it was announced that Yoshihide Suga won a Liberal Democratic Party (LDP) leadership election, putting him in a parliamentary vote for Japan’s next Prime Minister this week.
USD/JPY’s next support zone is at 105.400 and the next resistance zone is at 106.800. Look for selling opportunities of USD/JPY.