Do you want to get clues on the most important economic events this week?
USD/JPY: forecast for August 21-25
USD/JPY remains in short- and longer-term downtrend. Decline below 109.00 will open the way down to 108.80 (bottom of the weekly Ichimoku Cloud/August, June lows). In turn, decline below that point will bring the pair down to 108.10 (April low). A break below the latter will be a signal of the bigger top at Forex market. Resistance lies at 109.50, 110.50 and 111.00.
Do you want to get clues on the most important economic events this week? Are you interested in the markets’ movements that are anticipated this week? Watch our latest outlook on USD, EUR, GBP, oil, gold and more.
Let’s consider the most important events for the upcoming days.
The most significant event today is the release of the average earnings index for Great Britain at 11:30 MT time.
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The market will be mostly driven by the risk-on sentiment after the positive news on trade negotiations between the US and China. Let’s consider the key levels for AUD/USD and AUD/NZD.