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- Investors tentatively stepped back into equities, tempering demand for the Japanese Yen
- The dollar climbed against the yen on Thursday to day's high by 120.69, strong resistance seen at 120.75 (200 DMA)
- USD/JPY is currently trading at 120.43, with immediate resistance at 120.72 (Kijun-Sen) and support on the downside at 119.70 (61.8% Fibo 116.15-121.76)
- Continued Chinese market closure on Friday to reduce volatility in the region's financial markets ahead of the closely watched U.S. non-farm payrolls report due that day
R1: 120.72 (Kijun-Sen)
R2: 120.75 (200 DMA)
R3: 120.91 (Hourly High Sep 1)
Support Levels:
S1: 119.70 (61.8% Fibo 116.15-121.76)
S2: 119.23 (Daily Low Sep 2)
S3: 119.00 (Psychological Level)
