Yen continues its weakness since the beginning of the year
In terms of technical trends, the dollar against the yen finally rose above the 106 barrier resistance last week, while the RSI and Stochastic Index are still on the rise. It is hoped that the dollar against the yen will maintain the current upward trend. It is estimated that the support level will look back at 106.20 and the 100-day average at 104.40 level, and the next level will be at 103.30, so that the 102.50 level has been kept stable for several days at the beginning of the year. In terms of the test target, based on the cumulative decline since the high of 112.21 last February, the 38.2% rebound will be 106.25, and the 50% and 61.8% will be 107.40 and 108.55 levels. The key resistance will point to the 110 mark.
Resistance 107.40 - 108.55 - 110.00
Support 106.20 - 104.40 - 103.30 - 102.50
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