Daily Recommendations on Major - USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 19 Aug 2019 09:30 GMT
USD/JPY - 106.55
Although dollar's fall from Tuesday's 106.97 high to 105.66 (Wed) suggests correction from Monday's fresh 7-month trough at 105.06 has possibly ended, subsequent strong bounce to 106.78 then retreat to 105.71 on Thursday would bring volatile swings before prospect of another decline.
Only above 106.97 would risk further gain towards 107.09, then possibly 107.57
Data to be released later today:
EU current account, HICP final, core HICP on Monday.
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