Update Time: 28 July 2021 09:30GMT.
USD/JPY - 109.95
Although dollar's decline from 110.59 (Fri) to 109.59 in tandem with U.S. yields suggests early cross-inspired rise from Jul's 109.07 bottoms has made a temporary top, intra-day rebound in Europe would bring consolidation ahead of key FOMC's announcement.
A daily close above 110.13 signals pullback is over, then the outlook would turn bullish for a re-test of 110.59. Below 109.59 would shift risk to downside for weakness towards 109.07 later.
Ahead of FOMC announcement at 18:00GMT and the post-FOMC press conference at 18:30GMT, we have some second-tier data due out, please refer to our EI page for details.
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.