USD/JPY Outlook (28 June 2021)

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USD/JPY Outlook (28 June 2021)

ByJin Dao Tai

 JUN 28, 2021

USD/JPY Outlook (28 June 2021)

Overall, USD/JPY is trending upwards.

The Japanese Unemployment Rate data (Forecast: 2.9%, Previous: 2.8%) will be released tomorrow at 0730 (GMT+8).

Also, the Japanese Retail Sales y/y data (Forecast: 7.9%, Previous: 11.9%) will be released tomorrow at 0750 (GMT+8).

Currently, USD/JPY is testing the resistance zone of 110.800 and the next support zone is at 108.500.

Look for buying opportunities of USD/JPY if it breaks the resistance zone of 110.800.

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