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Everyday suggestions on major – USD/JPY

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Day to day market attitude toward major

Update Time: 27 Jun 2022 09:30GMT.

USD/JPY – 135.05

In spite of the fact that dollar’s selloff to as low as 134.27 in New York Thursday on place of refuge yen purchasing recommends late sporadic up move has made a transitory top at Wednesday’s new 24-year top at 136.71, Fri’s bounce back from 134.36 to 135.39 in New York and ensuing retreat would yield further rough swings, underneath 134.27 would make a beeline for 133.88/93.

On the drawback, just an everyday close underneath 135.39 would propose first leg of rectification over and yield more grounded gain towards 135.87.

Data to be released today

U.S. durables merchandise, durables ex-transport, durables ex-protection, forthcoming home deals and Dallas Fed producing business on Monday.

About the author

Nafees Saifi // entrepreneur, author, trainer, and stocks and FX trader. 
Nafees Saifi is a professional FX trader from, India. Nafees has extensive experience trading commodities, bonds, and equity futures in the Asian, European, and US markets. Nafees holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.

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