Australia
2020-07-20 18:08
Market analysisUSD/JPY Outlook (20 July 2020)
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Forex
Market analysis:
Overall, USD/JPY is ranging across. Recently, USD/JPY bounced up from the key level of 107.
The Japanese National Core CPI y/y data (Forecast: -0.1%, Previous: -0.2%) will be released tomorrow at 0730 (SGT).
USD/JPY’s next support zone is at 106.200 and the next resistance zone is at 107.800.
Look for short-term selling opportunities of USD/JPY.
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USD/JPY Outlook (20 July 2020)
Overall, USD/JPY is ranging across. Recently, USD/JPY bounced up from the key level of 107.
The Japanese National Core CPI y/y data (Forecast: -0.1%, Previous: -0.2%) will be released tomorrow at 0730 (SGT).
USD/JPY’s next support zone is at 106.200 and the next resistance zone is at 107.800.
Look for short-term selling opportunities of USD/JPY.
Forex
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