Overall, USD/JPY is trending upwards. Recently, USD/JPY trended into the resistance zone of 106.000.

The Japanese retail sales y/y data (Forecast: -2.6%, Previous: -0.2% revised from -0.3%) will be released tomorrow at 0750 (SGT).

Currently, USD/JPY is testing the resistance zone of 106.000 and the next support zone is at 104.600.
Look for buying opportunities of USD/JPY if it breaks the resistance zone of 106.000.


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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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