2020-08-10 16:26
Market analysisUSD/JPY Outlook (10 August 2020)
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Market analysis：
Overall, USD/JPY is trending downwards. Recently, USD/JPY strengthened after the release of the positive U.S. jobs report and bounced off the resistance zone of 106.200.
Japanese banks will be closed today 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 is at 106.200.
Look for selling opportunities of USD/JPY.
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USD/JPY Outlook (10 August 2020)
Singapore | 2020-08-10 16:26Overall, USD/JPY is trending downwards. Recently, USD/JPY strengthened after the release of the positive U.S. jobs report and bounced off the resistance zone of 106.200.
Japanese banks will be closed today 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 is at 106.200.
Look for selling opportunities of USD/JPY.
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