Singapore

2020-08-07 15:01

Market analysisUSD/JPY Outlook (07 August 2020)
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Market analysis:
Overall, USD/JPY is trending downwards. Recently, USD/JPY has been ranging across. Japanese banks will be closed next Monday in observance of Mountain Day. Expect lower trading volatility and volume during the Japanese market session. USD/JPY’s next support zone is at 104.400 and the next resistance zone of 106.200. Look for short-term selling opportunities of USD/JPY up until the release of the U.S. jobs report at 2030 (SGT).
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USD/JPY Outlook (07 August 2020)
Singapore | 2020-08-07 15:01
Overall, USD/JPY is trending downwards. Recently, USD/JPY has been ranging across. Japanese banks will be closed next Monday in observance of Mountain Day. Expect lower trading volatility and volume during the Japanese market session. USD/JPY’s next support zone is at 104.400 and the next resistance zone of 106.200. Look for short-term selling opportunities of USD/JPY up until the release of the U.S. jobs report at 2030 (SGT).

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