ByJin Dao Tai
AUG 27, 2021
Overall, USD/JPY is ranging across. Recently, USD/JPY broke above the key level of 110.
Day 1 of the Jackson Hole Symposium will be held today. During this time, expect volatility in USD/JPY.
Currently, USD/JPY is testing to break below the key level of 110. Its next support zone is at 108.800 and the next resistance zone is at 110.800.
If USD/JPY bounces up from the key level of 110, look for short-term buying opportunities up until the Federal Reserve Chairman Powell’s speech at 2200 (GMT+8).
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