USD/JPY Outlook (23 July 2021)
JUL 23, 2021
Overall, USD/JPY is trending downwards.
Japanese banks will be closed today in observance of Health-Sports Day. Expect lower trading volatility and volume during the usual Japanese market hours.
The Japanese Flash Manufacturing PMI data (Forecast: TBA, Previous: 52.4 revised from 51.3) will be released next Monday at 0830 (GMT+8).
USD/JPY’s next support zone is at 108.500 and the next resistance zone is at 110.800.
Look for short-term buying opportunities of USD/JPY.
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