Although the Dollar/Yen bounced back from the ¥107.50 support level in late trading on Friday, the FX pair still looks weak as investors expect the US Fed to maintain its loose policy which is bearish for the US Dollar as US yields retreat. A trade through ¥107.50 will signal a resumption of the near-term downtrend with ¥106.90.

Support: 107.50 / 106.90
Resistance: 108 / 108.65

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Disclaimer: This information is only for educational purposes and is not an investment recommendation. The information here has been created by SquaredFinancial. All examples and analysis used herein are of the personal opinions of SquaredFinancial. All examples and analysis are intended for these purposes and should not be considered as specific investment advice. The risk of loss in trading securities, options, futures, and forex can be substantial. Customers must consider all relevant risk factors including their own personal financial situation before trading.