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FOREX FORECAST - ANALYSISFOREX MARKET NEWSUSDJPY TECHNICAL ANALYSIS TODAY

ByJin Dao Tai

 APR 23, 2021

Overall, USD/JPY is ranging across.

The Japanese Flash Manufacturing PMI data (Actual: 53.3, Forecast: 53.1, Previous: 52.7 revised from 52.0) released earlier today indicated a slight increase in the pace of expansion of the manufacturing sector.

Currently, USD/JPY is testing to break below the key level of 108. Its next support zone is at 106.000 and the next resistance zone is at 108.500.

Look for selling opportunities of USD/JPY if it breaks below the key level of 108.

Be sure to follow me on Twitter at @jdtai and on TradingView at Jin_LCMSTraders for my latest post!