The Dollar/Yen remains in a range play after bouncing from the 106.70 critical support despite sour market sentiment. However, the US indexes printed modest gains, which helped the pair to recover above 107 despite US-China tensions and pandemic-related headlines. US Treasury yields, in the meantime, edged lower with the yield on the benchmark 10-year note down to 0.58%, as concerns about the high number of new daily coronavirus cases undermined the market’s mood. The pair will likely remain in consolidation between 107.40 and 106.70 levels.
Support: 106.70 / 106.40
Resistance: 107.40 / 107.70
