USD/JPY Daily Resistance Region

Even with a weak US Dollar in the first half of October, USD/JPY showed bullish tendencies, owed to the additional Yen-weakness overshadowing the US Dollar’s own pullback. This strength in USD/JPY brought upon by an even weaker Yen has helped the pair to push up to a fresh two-month-high at a key zone of resistance that runs from 108.47-108.70 which ahs so far helped to hold bulls at bay. This includes a 200 ma just above and a a range o f prices that have shown in the past to provide liquidity from sellers.