things that I think will affect usd/jpy:
technical: bounce from around a pitchfork level, bounced from around a 2018 trend line, could be bouncing from a weekly pivot point (P) and could therefore be headed to another pivot point (S1) around 4% away (down), that pivot point (S1) is at a 2018 low support line as well
fundamental: last week The Fed came out with another 2 trillion dollars to support the economy which could be good news and market will respond to how that money impacts the economy, death of the virus seem to eased a bit for the moment but it could pretty likely get back to another increase which should impact the markets as well.
In my opinion I think this seem bearish, but that can obviously change in a moment in these volatile times
(my research should not be considered as truthful, do your own before act on mine)
technical: bounce from around a pitchfork level, bounced from around a 2018 trend line, could be bouncing from a weekly pivot point (P) and could therefore be headed to another pivot point (S1) around 4% away (down), that pivot point (S1) is at a 2018 low support line as well
fundamental: last week The Fed came out with another 2 trillion dollars to support the economy which could be good news and market will respond to how that money impacts the economy, death of the virus seem to eased a bit for the moment but it could pretty likely get back to another increase which should impact the markets as well.
In my opinion I think this seem bearish, but that can obviously change in a moment in these volatile times
(my research should not be considered as truthful, do your own before act on mine)