The dollar/yen broke below the 103 critical support as relentless USD selling remains the main market narrative amid this risk-on sentiment. Traders have been betting on a strong global economic recovery in 2021 amid the mass distribution of vaccines, which remains supportive of this current risk-on environment. A break below 102.87 will extend losses towards 102.50.
Support: 102.87 / 102.50
Resistance: 103.30 / 103.70
