fxsoriginal   DAILY MARKET OUTLOOK on Major 
Update Time: 13 Jun 2019 09:30 GMT

USD/JPY - 108.32
Despite dollar's rebound from yesterday's 108.22 low to 108.54 in New York, subsequent retreat and then intra-day break of said sup suggests correction from June's near 5-month trough at 107.82 has possibly ended at 108.80 Tuesday and re-test of 107.82 would be seen after consolidation but 107.30 should hold.

On the upside, only a daily close above 108.80 would risk gain towards 109.02, then possibly 109.20/25.

On the data front, the U.S. will release weekly jobless claims, import and export prices.
Later today, Japan's EconNib Motegi will meet with USTR Lighhizer for trade talks in Washington.

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

Feed news

Latest Forex Analysis

Editors’ Picks

EUR/USD rises above 1.1200 amid some USD weakness

EUR/USD is trading above 1.1200, recovering some of the losses. Earlier, ECB officials expressed concern about global growth President Draghi speaks later. Tension is rising toward the Fed decision.


GBP/USD falls to the lowest since January

GBP/USD is trading around 1.2550, the lowest since January. Sterling has been under pressure amid growing uncertainty about Brexit and USD strength.


USD/JPY remains directionless above mid-108s on Monday

The USD/JPY pair is struggling to make a decisive move in either direction on Monday as the slightly upbeat market sentiment doesn't allow the safe-haven JPY to gather strength.


Gold: Signs of bullish exhaustion ahead of the Fed

Gold's rally seems to have run its course with signs of bullish exhaustion emerging on technical charts ahead of Wednesday's FOMC (Federal Open Market Committee) rate decision.

Read more

Gold recovers early lost ground, back above $1240 level

Gold recovered a major part of its early slide and moved to the top end of its daily trading range, above the $1340 region post-US data.

Gold News