As long as usd/jpy below 106.70, sell will persist. next target 102.00. if we see usd/jpy break above 106.700, we may go long till 108.15 and finally upside target is 110.00. beyond the present fundamental condition, it is hard to test usd/jpy 110.00. US-CHINA, Covid-19, and like such issues safe-haven JPY is still demandable.
USD/JPY still closed the week below the descending trend line. fundamental also support for the downward move. USD/JPY Sell limit @ 106.10 sl: 106.70 tp1: 104.50 tp2: 102.00