• Add

Mixed Sentiment Keeps the Pair in Consolidation – USD/JPY Market Outlook – 23/07/2020


The Dollar/Yen remains in a range play after bouncing from the 106.70 critical support despite sour market sentiment. However, the US indexes printed modest gains, which helped the pair to recover above 107 despite US-China tensions and pandemic-related headlines. US Treasury yields, in the meantime, edged lower with the yield on the benchmark 10-year note down to 0.58%, as concerns about the high number of new daily coronavirus cases undermined the market’s mood. The pair will likely remain in consolidation between 107.40 and 106.70 levels.

Support: 106.70 / 106.40
Resistance: 107.40 / 107.70

SquaredFinancial Daily Market Outlook


SquaredFinancial Review

Source: https://www.squaredfinancial.com/learn/daily-market-outlook/mixed-sentiment-keeps-the-pair-in-consolidation-usd-jpy-market-outlook-23-07-2020
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}