USD/JPY analysis

The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD / JPY was trading at 111.34, losing 0.44%. I believe that support is now at 110.84, Tuesday's low, and the resistance is likely at 112.12 - the maximum of Wednesday.
 
Usd/Jpy is consolidating around 110/112 area, the pair is waiting for NFPs this week while lacking of directional strength.
 
csc2009 said:
Usd/Jpy is consolidating around 110/112 area, the pair is waiting for NFPs this week while lacking of directional strength.
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I agree. It's very range-bound and that range is getting tighter and tighter. A big movement will require a catalyst in the form of news like the NFP.
 
The dollar / yen was indecisive yesterday, but traded lower today, hitting 110.76. The signals are bearish in the near future for testing at 110.25 / 00. A clear breakthrough and daily closure under this zone should open the doors to 108.00 this week. Immediate resistance is at 111.30. A clear break above this level may take the price to a neutral region, but the longer the pair is in line with the resistance line and the key resistance of 112.00, I prefer the bearish scenario at this stage and any upward pressure should be seen as a good opportunity For sales.
 
The US dollar recorded a negative session against the yen on Tuesday. The currency pair opened at 111.24 and the dollar managed to break the first support at 111.00 twice. The pair finished at 110.83 and in case the bearish trend keeps, there will probably be a breakthrough on the next support at 109.50.
 
USD/JPY
Key levels to watch for:
Support: 109.50;
Resistance: 111.00; 114.00; 115.40.
 
I shorted a while ago, I think USD/JPY will reach the local low at 110.20. Also, a breakout below that support could be the beginning of a drop to 109.50 or even 109.00.
 
USD/JPY rebounded from 110.50 but I managed to close my short on time. I haven't opened a long position as I should have though. Now I am waiting for the next signal.
 
Usd/Jpy fell sharply after London Bridge terror attack, the pair enter correction mood around 110.40/50 before another bearish breakout. Support can be found around 110.20.
 
USD/JPY is stuck in a very tight range after the major drop last week. I think there might be a breakout below 110.20 but I will wait for that before I short again.
 
USD/JPY will soon reach the support at 109.00. I think that it will continue depreciating toward the strong support visible on the weekly time frame at 108.60 – 108.00.
 
I think that the overall trend is bearish and the pair will reach 108.00 eventually, but for the moment it rebounded from 109.10. We might see it rally to 110.00 again in the short term.
 
The pair is testing 110.00/10 resistance zone ahead of major Thursday events.
 
USD/JPY reached a high at 110.38 before the pullback began. I think it's possible this is the end of the current rally, considering the hanging man bar on the H4 time frame, although the pair did rally above it.
 
The dollar again led the yen on Wednesday. During the day, the US currency added 41 pips to its assets. At the end of the session, one dollar swapped to 109.81 Japanese yen. The opening rate was 109.40 and the bottom of the day the rate was at level 109.11. Several times during the day the resistance at 109.63 was breached, but only the last one was confirmed with a daily peak of 109.87.
 
USD/JPY
Key levels to watch for:
Support: 109.63; 108.30; 106.44;
Resistance: 112.20; 112.75.
 
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