Daily Recommendations on Major - USD/JPY

AceTrader Team AceTrader

DAILY MARKET OUTLOOK on Major
Update Time: 13 Aug 2018 09:30 GMT

USD/JPY - 110.21
Although the greenback opened lower and dropped to 110.36 in New Zealand on risk aversion, price staged a rebound to 110.75 in Australia on liquidity boost by the Turkish central bank.
However, renewed selling there knocked price lower and dollar tumbled to a session low at 110.11 in Asian on continued concerns over the Turkish lira before stabilising.

On the upside, only above 110.75 would indicate decline from July's fresh 6-month peak at 113.17 has made a temporary low there and risk would increase for a much-needed correction to 111.19/20, then 111.47.

Data to be released:
France non-farm payrolls, and Italy CPI, CPI (EU norm) on Monday.pdates

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AceTrader Team

AceTrader

Led by world-renowned technical analyst Wilson Leung, we have a team of 7 analysts monitoring the market and updating our recommendations and commentaries 24 hours a day.

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