Daily recommendations on major – USD/JPY

AceTrader Team AceTrader

Daily market outlook on major

Update Time: 04 July 2022 09:30GMT.

USD/JPY - 135.35

Euro's selloff below 135.56 (Thursday) to as low as 134.75 in tandem with US yields at European open last Friday suggests long term uptrend has made a temporary top at Wednesday's fresh 24-year peak at 136.99 and subsequent sideways swings would yield consolidation before prospect of another fall, below 134.75 would head towards 134.53 but 134.27 should hold.

On the upside, only a daily close above 135.66 would signal aforesaid pullback over and risk gain to 135.88/98.

Data to be released today

Germany exports, imports, trade balance, Swiss CPI, EU Sentix index, producer prices.
US Market Holiday and Canada SnP manufacturing PMI on Monday.

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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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