The Yen dropped versus the US Dollar after a Bank of Japan board member said the central bank must pre-emptively ease monetary policy to fend off risks to the economy. In order for the USDJPY rise to gain more momentum, it needs to break out and stay above 106.15 on a daily basis. Should this occur, the next resistance level will be at 106.41. Otherwise, if the pair moves down, we will see 105.84 as next support level again.
Support : 105.84 - 105.58 - 105.30
Resistance : 106.15 - 106.41 - 106.72
04 Sep 19 (Wed)
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