2020-07-31 17:12
Market analysisUSD/JPY Outlook (31 July 2020)
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Market analysis：
Overall, USD/JPY is trending downwards. Recently, USD/JPY break below the key level 105.
The Japanese Preliminary GDP q/q data (Forecast: NA, Previous: -0.6% revised -0.9%) will be released next Monday at 0750 (SGT).
USD/JPY’s next support zone is at 103.200 and the next resistance zone is at 106.200.
With the recent release of the poor U.S. GDP data, look for selling opportunities of USD/JPY.
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USD/JPY Outlook (31 July 2020)
Singapore | 2020-07-31 17:12Overall, USD/JPY is trending downwards. Recently, USD/JPY break below the key level 105.
The Japanese Preliminary GDP q/q data (Forecast: NA, Previous: -0.6% revised -0.9%) will be released next Monday at 0750 (SGT).
USD/JPY’s next support zone is at 103.200 and the next resistance zone is at 106.200.
With the recent release of the poor U.S. GDP data, look for selling opportunities of USD/JPY.
Forex
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