USD/JPY: The dollar consolidated within narrow ranges, just above a 5-1/2 month low hit in the previous session, as traders remained cautious about the prospects of trade talks between the United States and China at this week’s G20 summit.
The pair was trading 0.05 percent up at 107.35, having hit a low of 107.04 on Friday, its lowest since Jan. 3.
Investors’ will continue to track the broad-based market sentiment, ahead of the Chicago Fed national activity index and Dallas Feb manufacturing business index.
Immediate resistance is located at 107.93 (5-DMA), a break above targets 108.52 (21-DMA). On the downside, support is seen at 106.88 (Apr. 17, 2018), a break below could take it lower at 106.26 (Mar. 29, 2018).
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