Canada will announce its monthly GDP on July 31, at 15:30 MT time.
USD/JPY has reached 2-weeks low
Information is not investment advice
Following the release of US Fed and Bank of Japan interest rate decisions, the USD/JPY dropped by more than 70 pips. On the H4 chart of USD/JPY, we may place the resistance levels at 108.98, 108.69, 108.44 and 108.25, while the support levels may be located at 107.96 and 107.67.
The US unemployment claims are announced on Thursday at 15:30 MT time.
The Australian Monetary Policy Meeting Minutes are announced on Tuesday at 04:30 MT time.
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
Services and Manufacturing PMIs are out on Wednesday at 11:30 MT time.
The market sentiment remains risk-off amid rising virus cases around the world and fears over new restrictions and lockdowns.