Friday, July 29, 2016

· Markets are searching for action over BoJ and US 2Q real GDP growth as next catalyst


Highlights of today’s FX Daily Outlook as follow:-

·         Markets are searching for action over BoJ and US 2Q real GDP growth as next catalyst 
·         100-day MA of 1.123 as new resistance level for EUR/USD
·         Disappointment from BoJ could see JPY to strengthen towards 101.36 against US dollar
·         Maintain trading range of 4.016 to 4.143 for USD/MYR depending on risk perception to any possible BoJ action

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