Daily Recommendations on Major - USD/JPY
|
Update Time: 26 Jul 2019 09:30 GMT
USD/JPY - 108.66
Dollar's rally above Tuesday's 108.29 high (now sup) to 108.75 in New York yesterday on rising U.S. yields suggests re-test of July's 1-month top at 108.99 would be seen after consolidation, break would extend upmove from June's 5-1/2 month trough at 106.79 towards 109.59 later.
On the downside, only a daily close below 108.29 would risk weakness towards 107.94, then 107.78.
Data to be released on Friday :
France consumer confidence, producer prices, Italy MFG business confidence, consumer confidence.
U.S. GDP, PCE, and Canada budget balance.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.