DAILY MARKET OUTLOOK on Major
Update Time: 14 Jun 2019 09:30 GMT
USD/JPY - 108.21
Dollar's erratic fall from this week's high at 108.80 (Tue) to 108.17 yesterday suggests early correction from June's 5-month bottom at 107.82 has ended and below 108.00/03 would encourage for re-test of 107.82, however, loss of downward momentum should keep price above projected sup at 107.30.
Only above 108.53/57 prolongs choppy sideways swings and may risk another rise back towards 108.80 but reckon 109.02 should cap upside.
Data to be released on Friday :
Germany wholesale price index, France CPI, Italy industrial orders, industrial sales, CPI.
U.S. retail sales, industrial production, capacity utilization, manufacturing output, business inventories, University of Michigan sentiment.
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