USDJPY Jul 01 to Jul 05 Outlook

By News Robot

Lawrence’s Comment

Recap
Slow drift up at 50% previous week range. After all, no one dare to challenge BOJ at this point. Closed the week near week high and above Y+1.

Outlook
Japan will have its economic report released right from the beginning of this week. Given the no contest condition, the upper boundary of the range 96-102 will be in play this week.

Rare scenario if B-0 is breached on a strong flush and turning into resistance, B-2 will be the target.

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