USD/JPY outlook
The sharp retreat from the high of 110.34 on the back of weak US retail sales and inflation data has kept intact the falling tops formation on the daily chart.
An end of the day close below 109.11 (June 7 low) would open up upside towards 108.13.
On the higher side, only a daily close above 110.34 would revive short-term bullish view
An end of the day close below 109.11 (June 7 low) would open up upside towards 108.13.
On the higher side, only a daily close above 110.34 would revive short-term bullish view
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