Daily recommendations on major – USD/JPY
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Update Time: 21 Oct 2020 09:30GMT
USD/JPY - 104.88
Dollar's intra-day selloff on usd's broad-based weakness and then break of previous October's 104.95 low suggests recent upmove from September's 6-month trough at 104.01 has made a temporary top at October's 106.10 high and stronger retracement to 104.60/70 would be seen after consolidation but 104.41/45 may hold, yield rebound.
On the upside, only above 105.31/36 would risk gain to 105.50/55 but 105.82 should remain intact.
Data to be released later
UK core CPI, CPI, RPI, core RPI, PPI input prices, PPI output prices, PPI core output prices, PSNB, PSNCR, DCLG house price index.
U.S. MBA mortgage applications, and Canada CPI, core CPI, new housing price index, retail sales, retail sales ex-autos.
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