USD/JPY Outlook (04 February 2022)

165
Overall, USD/JPY is ranging across. Recently, USD/JPY bounced off the support zone of 114.200.

Currently, USD/JPY is testing to break above the key level of 115. Its next support zone is at 114.200 and the next resistance zone is at 116.000.
If USD/JPY breaks above the key level of 115, look for short-term buying opportunities up until the release of the U.S. NFP data at 2130 (GMT+8).

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