Daily Recommendations on Major - USD/JPY
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Update Time: 18 Jul 2019 09:30 GMT
USD/JPY - 107.73
Dollar's fall from Tuesday's 108.37 high and intra-day break of last Fri's low at 107.81 to 107.62 at European open suggests recent decline from July's 1-month peak at 108.99 to retrace early rise from June's 5-1/2 month trough at 106.79 would head towards 107.06 after conoslidation.
On the upside, only above 108.11 would risk re-test of 108.37, break, 108.60/63 later.
Data to be released later:
Swiss imports, exports, trade balance, UK retail sales, core retail sales.
U.S. jobless claims, Philadelphia Fed manufacturing index, leading indicator.
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