JinDao_Tai

USD/JPY Outlook (07 May 2021)

FX:USDJPY   U.S. Dollar / Japanese Yen
Overall, USD/JPY is ranging across. Recently, USD/JPY bounced up from the key level of 109.

USD/JPY’s next support zone is at 108.500 and the next resistance zone is at 110.800.
Look for short-term buying opportunities of USD/JPY up until the release of the U.S. Nonfarm Payrolls employment report later at 2030 (SGT).

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