Overall, USD/JPY is trending upwards.

The Japanese Retail Sales y/y data (Forecast: TBA, Previous: -0.5% revised from -0.6%) next Monday at 0750 (GMT+8).

Currently, USD/JPY is testing to break below the key level of 115. Its next support zone is at 114.400 and the next resistance zone is at 116.000.
Look for short-term buying opportunities of USD/JPY if it bounces up from the key level of 115.

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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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