| Global Interest Rates | |||
 Australia |
7.25% | ||
 Canada |
3.5% | ||
 EMU |
4% | ||
 Japan |
0.5% | ||
 Swiss |
2.75% | ||
 England |
5% | ||
 US |
2.25% | ||
Technicals
USD/JPY - 107.29 Daily Market Outlook - Jul 22
Yesterday's rally from 106.05 in line with the greenback's rise across the board confirms recent upmove from 103.77 has resumed and further gain towards previous resistance at 107.75 is seen after consolidation, however, anticipated overbought condition should limit upside to 108.00/10 and risk has increased for a retreat later.
On the downside, below 106.50/60 would signal temporary has been formed instead and risk correction towards 105.97/106.05.
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Netlog
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