USD/JPY Technical Analysis: Attempts Break Out – 15 July 2020

The continued monitoring of increasing numbers of new infections with the Coronavirus in the United States, along with the renewed tensions between the two largest economies in the world, are the most important factors that explain the continued downward pressure on the USD/JPY, which is struggling to return to stability above the 108.00 resistance to exit the bearish channel that is in control since the beginning of the current month’s trading.