USD/JPY is preparing to resume the growth

The USD/JPY currency pair continues to trade in the side channel, slowing general uptrend, given the safety of uncertainty in the market and the possibility of stimulus measures not only from the Fed, but also from the Bank of Japan.

The resumption of growth is expected when leaving the side channel and breaking through 108.70-80, which opens the way to resistance levels: 109.30 and 109.50. Support is located at levels: 108.50 and 108.30, the lower border of the side channel.

Read also: “Currency is a weapon in a trade war!”

Hanzenko Anton

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