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USD/JPY Outlook (05 August 2020)

U.S. Dollar / Japanese Yen (FX:USDJPY)  
JinDao_Tai  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Forex macro technical trend USDJPY
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trendanalysis forex macro technical trend usdjpy
Overall, USD/JPY is trending downwards. Recently, USD/JPY bounced off the resistance zone of 106.200.

Bank of Japan Governor Kuroda will be speaking at a webinar later at 2000 (SGT). During this time, there may be volatility in JPY.

USD/JPY’s next support zone is at 104.400 and the next resistance zone of 106.200.
Look for selling opportunities of USD/JPY.
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