USDJPY is Expected to move downside
Overall, USD/JPY is trending upwards. Recently, USD/JPY rejected the resistance zone of 116.000 after the escalation of the Russia-Ukraine geopolitical tension, leading to the strengthening of JPY.
The Japanese Preliminary GDP q/q data will be released tomorrow at 0750 (GMT+8).
USD/JPY’s next support zone is at 114.200 and the next resistance zone of 116.000.
Look for short-term selling opportunities of USD/JPY.
The Japanese Preliminary GDP q/q data will be released tomorrow at 0750 (GMT+8).
USD/JPY’s next support zone is at 114.200 and the next resistance zone of 116.000.
Look for short-term selling opportunities of USD/JPY.
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