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Stuck in a range – USD/JPY Market Outlook – 25/01/2021

SquaredFinancial

The Dollar/Yen is still trading within a tight range around the ¥104 level despite falling US Treasury yields with technical indicators favoring a bearish direction on the daily chart, as the pair settles below the 50-Day SMA, with 103.60 and 103.35 as next key support levels.

Support: 103.60 / 103.35
Resistance: 103.85 / 104.05

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/stuck-in-a-range-usd-jpy-market-outlook-25-01-2021
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