USD/JPY - 113.78
Despite the greenback's resumption of erratic decline from December's 10-1/2 month peak at 118.66 to a fresh 7-week trough at 112.53 on Tuesday, subsequent strong rebound to 113.99 yesterday suggests a temporary low has been made there and consolidation with mild upside bias would be seen.
However, resistance at 114.54 should remain intact and yield another fall later this week.
On the downside, only below 112.90 would indicate aforesaid recovery has ended instead and turn outlook bearish for a re-test of aforesaid support.
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Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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