USDJPY has neared critical multi-year uptrend support - TDS

Analysts at TDS suggest that with event risk scheduled over the course of the week, they remain focused on significant technical developments in USDJPY as the pair has neared critical multi-year uptrend support located near 108.00/20.

Key Quotes

“A modest reprieve in equity markets has left USDJPY uninterested and we do no think it will take much disappointment on US data this week or a souring in risk sentiment to pull USDJPY lower.”