USDJPY - Neutral - Pre Data Releases

We have changed our long term short USDJPY view to neutral as the currency pair has strengthened in recent weeks despite anticipated US stimulus and the continued impact of the coronavirus. USDJPY has consolidated above support at 103.6 and appears to be one course to break through resistance above 105. We await Japan 4th quarter GDP growth later today and key US data including retail sales and FOMC minutes next week for any significant price action.