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Daily Market Outlook
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| Daily
Market Outlook (20 Jul 2018) |
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| Update
Time: |
20 Jul 2018 08:07GMT |
| Next Update
At: |
00:30GMT |
USD/JPY - 112.43
Despite the greenback's rise yesterday to a fresh 6-month peak at 113.14, subsequent selloff to 112.07 in New York afternoon on U.S. President Donald Trump's comments suggests medium-term upmove has made a temporary top there and consolidation with downside bias remains for weakness towards 111.70/72, however, loss of downward momentum would keep price above 111.50/54 n yield rebound later.
On the upside, only above 113.17 would revive bullishness for gain towards 113.50/55 but over bought condition would keep price below 114.00 and yield a much-needed correction later this week. |
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