The Dollar/Yen is back above 106 following the recovery in the US equity market and the 10-year yields, despite the delay in the COVID-19 vaccine trials. Price, however, remains range-bound offering no fresh clues going forward. 106.10 could act as support in the near term, looking for a push towards 106.50 if equities continue to recover today. However, if Brexit and ECB talks introduce risk-off sentiment in the market, then a pullback towards 105.70 will be expected.
Support: 106.10 / 105.70
Resistance: 106.50/ 107
