USD/JPY Outlook (10 March 2020)

2020-03-10 13:37:16

Overall, USD/JPY is trending downwards. Recently, USD/JPY trended upwards, breaking the resistance level of 103.000 after U.S. President Donald Trump said that he will seek a payroll tax cut and relief for industries hit by the coronavirus outbreak.
Currently, USD/JPY is testing the resistance level of 105.000 and its next support level is at 103.000.
Look for buying opportunities of USD/JPY if it breaks the resistance level of 105.000.