FXWW News/JPY crosses/Open/Wrap/USD/JPY

JPY outlook, Wednesday August 7th

  • USD/JPY sitting on technical support near 97.50 and we can expect stops below there.
  • China noted seller of USD/JPY yesterday afternoon.
  • AUD/JPY should be interesting with big levels at 87.20/89.00.
  • Macros still have reported selling interest in GBP/JPY and CAD/JPY.
  • BOJ 2-day meeting starts today.

I remain short-term bearish on USD/JPY for re-test of 92.50 this month.

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