U.S. Producer Price Index and China Trade Balance in focus! USD/JPY recovers, near-term upside target around 109 yen【Friday, July 12】
In this video, we will check important economic indicators and market conditions for Friday, July 12, chart movements, and the ranking of popular Expert Advisors (EAs).
■Video
<Reference site>
Yahoo! JAPAN Finance
https://info.finance.yahoo.co.jp/fx/marketcalendar/
■Today's key points
・U.S.: Wholesale Price Index (PPI), China: Trade balance in focus!
・Powell's testimony to Congress has already been priced in, and the dollar does not seem likely to fall one-sidedly.
・The near-term upside target for USD/JPY is 109 yen, and if it breaks below 108, it will test lower levels further.
・Ranking of popular EAs: 1st place is "Avail-USDJPY-", 2nd place is "Perfect Game", 3rd place is "Toki", with no changes from the previous day.
■USD/JPY, 1-hour chart
Source: USDJPY chart by TradingView
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