Overall, USD/JPY is trending downwards.

Japanese banks will be closed today in observance of Health-Sports Day. Expect lower trading volatility and volume during the usual Japanese market hours.

The Japanese Flash Manufacturing PMI data (Forecast: TBA, Previous: 52.4 revised from 51.3) will be released next Monday at 0830 (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 buying opportunities of USD/JPY.

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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