USD/JPY Outlook (29 July 2021)

Overall, USD/JPY is ranging across. Recently, USD/JPY bounced down from the key level of 110.

The Japanese Unemployment Rate data (Forecast: 3.0%, Previous: 3.0%) will be released tomorrow at 0730 (GMT+8).

USD/JPY’s next support zone is at 108.500 and the next resistance zone is at 110.800.
Look for short-term selling opportunities of USD/JPY.