The USDJPY pair edged down 0.17% to 105.70. The yen was trading within a narrow range as the jockeying in Japan’s prime minister contest continues after incumbent Shinzo Abe tendered a surprise resignation last week. The ruling Liberal Democratic Party’s largest faction is supporting Yoshihide Suga, the current chief cabinet secretary.

The USDJPY Market status shall be in a trading range for today with 106.40 as Resistance, and 105.38 as Support.

R2           106.40
R1           106.12

 
S1           105.66
S2           105.38