ByJin Dao Tai
AUG 6, 2021
Overall, USD/JPY is trending downwards.
Japanese banks will be closed next Monday in observance of Mountain Day. Expect lower trading volatility and volume during the usual Japanese market hours.
Currently, USD/JPY is moving towards the key level of 110. Its next support zone is at 108.500 and the next resistance zone is at 110.800.
If USD/JPY breaks above the key level of 110, look for short-term buying opportunities of USD/JPY up until the release of the U.S. Non-Farm Payroll jobs report at 2030 (GMT+8).
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