The greenback remains relatively strong against the Yen despite the broad US Dollar sell-off across the board. The Dollar/Yen traders remain in a risk-off mood as they seem to disregard so far any news regarding the potential new vaccine, their focus remains on headlines such as the US-China tension and the US President Donald Trump’s threats to the WHO organization. From a technical perspective, price remains stuck between the 50 and the 200-period SMAs, a clear break to either side will likely decide the pair’s next possible destination.
Support: 106.75 / 106.50
Resistance: 107.70 / 108
