Overall, USD/JPY is trending upwards. Recently, EUR/USD broke the resistance zone of 112.00.

G20 meetings will be held today.

USD/JPY’s next support zone is at 112.000 and the next resistance zone is at 114.400.
Look for short-term buying opportunities of USD/JPY up until the release of the meeting minutes by the FOMC tomorrow at 0200 (GMT+8).

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


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By Jin Dao Tai

JinDao Tai is an Entrepreneur, Award-Winning Forex Coach & Trainer, International Speaker and Multi-Million Dollar Trader. Starting out his career as an economic & financial consultant in Australia, one day he decided to change his life and pivoted into multiple entrepreneurship endeavours and eventually into managing a multi-million dollar portfolio.

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