USDJPY

USDJPY

Japan GDP growth for the first quarter fell 0.6% compared to the same period last year, marking the end of economic growth for nine quarters, according to official data released last week.

Keep your eye on Japan Tokyo CPI inflation on Friday. The consensus estimate for core inflation in May is 0.6%, as the same as the previous number.

The USDJPY pair has been rising for eight consecutive weeks session. In the event that the bullish action continues, we will see the next daily resistance level of 111.66. On the other hand, If the price pullbacks, we will watch support level again at 110.86

Support: 110.86 – 110.61 - 110.15
Resistance: 111.66 – 112.46 – 113.63

21 May 18 (Mon)

06:32 am



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