Singapore
2020-07-15 14:44
Market analysisUSD/JPY Outlook (15 July 2020)
Related product:
Forex,Others,Others,Others,Others,Others
Market analysis:
Overall, USD/JPY is ranging across.
Earlier today, the Bank of Japan (BoJ) held interest rate unchanged at -0.10% and no new easing measures were carried out. However, the BoJ expressed pessimism in the Japanese economy, stating that it is in an extremely severe situation with the impact of COVID-19 despite the resumption of economic activities. The central bank also revised their GDP forecast from -5.0% to -3.0% in April to -5.7% to -4.5% while inflation forecast has been revised from -0.7% to -0.3% in April to -0.6% to -0.4%.
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.
Jin_Forex
Trader
Hot content
Industry
Event-A comment a day,Keep rewards worthy up to$27
Industry
Nigeria Event Giveaway-Win₦5000 Mobilephone Credit
Industry
Nigeria Event Giveaway-Win ₦2500 MobilePhoneCredit
Industry
South Africa Event-Come&Win 240ZAR Phone Credit
Industry
Nigeria Event-Discuss Forex&Win2500NGN PhoneCredit
Industry
[Nigeria Event]Discuss&win 2500 Naira Phone Credit
Forum category
Platform
Exhibition
Agent
Recruitment
EA
Industry
Market
Index
USD/JPY Outlook (15 July 2020)
Singapore | 2020-07-15 14:44
Overall, USD/JPY is ranging across.
Earlier today, the Bank of Japan (BoJ) held interest rate unchanged at -0.10% and no new easing measures were carried out. However, the BoJ expressed pessimism in the Japanese economy, stating that it is in an extremely severe situation with the impact of COVID-19 despite the resumption of economic activities. The central bank also revised their GDP forecast from -5.0% to -3.0% in April to -5.7% to -4.5% while inflation forecast has been revised from -0.7% to -0.3% in April to -0.6% to -0.4%.
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.
Forex
Others
Others
Others
Others
Others
Like 0
I want to comment, too
Submit
0Comments
There is no comment yet. Make the first one.
Submit
There is no comment yet. Make the first one.