Daily Recommendations on Major - USD/JPY

AceTrader Team AceTrader

DAILY MARKET OUTLOOK on Major
Update Time: 30 Jul 2019 05:30 GMT

USD/JPY - 108.64
Although dollar's resumption of upmove from July's 3-week trough at 107.22 to 108.94 at Asian open suggests early correction from 108.99 (July's high) has ended, intra-day retreat following BOJ's unchanged rate decision signals choppy trading below said resistant would continue and only below 108.43 would head to 108.29, but 108.05 should remain intact.

On the upside, above 108.99 would extend rise from Jun's trough at 106.79 towards 109.32 before correction.

Data out on Tuesday :
New Zealand building permits, Australia building permits, Japan unemployment rate, industrial output, BOJ interest rate decision.
France GDP, budget balance, consumer spending, Germany GfK consumer sentiment, CPI, HICP, Swiss KOF indicator, EU business climate, economic sentiment, industrial sentiment, services sentiment, consumer confidence.
U.S. personal income, personal spending, PCE price index, Core PCE price index, redbook, CS home price, consumer confidence, pending home sales.

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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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