Daily recommendations on major - USD/JPY

AceTrader Team AceTrader

DAILY MARKET OUTLOOK on Major

Update Time: 17 Apr 2020 09:30GMT

USD/JPY - 107.87
Despite dollar's rebound from yesterday's 107.17 (New York) low and then re-test of Thursaday's 108.08 high, intra-day retreat on falling U.S. Treasury yields suggests choppy sideways swings would be seen, however, reckon said sup would remain intact and yield another rise, above 108.08 would head to 108.22 but 108.59/61 should remain intact.

On the downside, only below 107.17 would risk weakness to 106.94 (Wednesday's bottom).

Data to be released later:

Italy trade balance, global trade balance, EU construction output, HICP, core HICP.
U.S. leading index change.

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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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