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USD/JPY Outlook (04 May 2021)

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

Japanese banks will be closed today in observance of Greenery Day. Expect lower trading volatility and volume during the usual Japanese market hours.
Also, Japanese banks will be closed tomorrow in observance of Children’s Day.

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.

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