- Rekindling a trade relationship
- USD/JPY rejected support level
Price Movement
Since yesterday, USD/JPY moved down by around 30pips before moving back up by around 40pips.
Trend
Recently, USD/JPY is ranging across.
Important Issue
Yesterday, U.S. President Donald Trump tweeted that he “had a very good telephone conversation with President Xi of China” and “will be having an extended meeting next week at the G-20 in Japan”.
Technical
Yesterday, USD/JPY tested and rejected the support level of 108.000.
Price Levels
Current Price: 108.458
Next Resistance: 109.500
Next Support: 108.000
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