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USD/JPY Outlook (05 May 2021)

FX:USDJPY   U.S. Dollar / Japanese Yen
Overall, USD/JPY is ranging across.

Also, Japanese banks will be closed today in observance of Children’s Day. Expect lower trading volatility and volume during the usual Japanese market hours.

The Bank of Japan will be releasing the minutes for the previous monetary policy meeting tomorrow at 0750 (SGT).

USD/JPY’s next support zone is at 108.500 and the next resistance zone is at 110.800.
Look for buying opportunities of USD/JPY.

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