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Overall, USD/JPY is ranging across. Recently, USD/JPY bounced down from the key level of 107. The Japanese Preliminary GDP q/q data (Actual: -7.8%, Forecast: -7.5%, Previous: -0.6% revised from -0.9%) released earlier today indicated the biggest economic contraction during the second quarter caused by the negative impact of the COVID-19 pandemic. USD/JPY’s next support zone is at 106.200 and the next resistance zone is at 107.900. Look for buying opportunities of USD/JPY.