As a part of 3 December trading signals for USD/JPY, XAU/USD, ETH/USD and BTC/USD I’ll also share some of my research below.
The Dollar/Yen broke below 107.80 yesterday, currently holding above 107.60, which is a key support level. Will price climb above 107.8 level?
The Japanese yen strengthens after a senior Bank of Japan (BOJ) official said that the bank will be willing to ramp up stimulus ‘through a combination of steps’ if the economy loses momentum.
USDJPY price is bearish below the 110.90 level as sellers may test towards the 110.65 and 110.40 levels.