USD/JPY continues its consolidation above the daily Ichimoku cloud [Video]
|It’s Monday, July 3rd, My name is Kiana Danial, CEO of Invest Diva and here is your forex report. Only a day before American Independence Day holiday, we are expecting low volatility in the major crosses as many on Wall Street are taking this Monday off to make for a long vacation holiday. On Sunday, Prime Minister Shinzo Abe’s Liberal Democratic Party suffered a historic defeat in their election in Japan, signaling trouble ahead for the premier. The USD/JPY pair continues its consolidation above the daily Ichimoku cloud. During today’s London session, Markit UK PMI Manufacturing (JUN) will be out at 8:30 AM GMT, and BOE Governor Mark Carney Provides Update on FSB Work later at 12 PM. During the New York session the US ISM Manufacturing (JUN) and ISM Employment (JUN) will both be released at 2 PM GMT. Thanks for watching, invest responsibly and I wish you the best of luck making pips by trading forex.
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