2020-07-14 17:59
Market analysisUSD/JPY Outlook (14 July 2020)
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Market analysis：
Overall, USD/JPY is ranging across. Recently, USD/JPY broke above the key level of 107.
The Bank of Japan (BoJ) will be announcing their interest rate decision tomorrow at a tentative timing.
It is expected that the central bank will be holding interest rate unchanged at -0.10%. With the recent resurgence of COVID-19 cases in Tokyo, the BoJ Outlook Report will indicate the central bank’s view on the current situation in Japan and may provide more clues on whether they intend to carry out more easing measures.
Currently USD/JPY’s next support zone is at 106.200 and the next resistance zone is at 107.800.
Look for short-term selling opportunities of USD/JPY.
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USD/JPY Outlook (14 July 2020)
Hong Kong | 2020-07-14 17:59Overall, USD/JPY is ranging across. Recently, USD/JPY broke above the key level of 107.
The Bank of Japan (BoJ) will be announcing their interest rate decision tomorrow at a tentative timing.
It is expected that the central bank will be holding interest rate unchanged at -0.10%. With the recent resurgence of COVID-19 cases in Tokyo, the BoJ Outlook Report will indicate the central bank’s view on the current situation in Japan and may provide more clues on whether they intend to carry out more easing measures.
Currently USD/JPY’s next support zone is at 106.200 and the next resistance zone is at 107.800.
Look for short-term selling opportunities of USD/JPY.
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