USD/JPY is currently trading at 119.64 with a high of 120.16 and a low of 119.24.
USD/JPY is flat with a familiar range. Price is subject to risk-on or risk-off themes as we progress through the sessions. The 200 DMA remains the key resistance at 120.88 today while the downside key support stays with 119.20 today. Stocks picked up in the European shift while the US is performing a little better as well albeit still mainly in the red.
Commodities have picked up and there is a general stabilization in today’s US sessions while we await key data with the Nonfarm Payrolls at the end of the week. From Japan, we will see industrial production and retail sales ahead of the Q3 Tankan sentiment survey.
Source : FxStreet