USD/JPY is currently printing above a 1 year downtrend after ending yesterday’s session in the green, as the greenback climbed on rising concern over new Covid-19 variants reaching the US. The yen was also driven lower on typical flow driven activity common around the end of the month. If bullish momentum persists, then we could see further upside momentum towards 105.
Support: 104.30 / 104
Resistance: 104.70 / 105
