Dollaro / Yen giapponese
Short

USD/JPY Outlook (22 February 2022)

123
Overall, USD/JPY is ranging across. Recently, USD/JPY broke below the key level of 115.

The Japanese Flash Manufacturing PMI data (Actual: 52.9, Forecast: TBA, Previous: 55.4 revised from 54.6) released yesterday indicated a slowdown in the expansion of the manufacturing sector in January.

The BoJ Core CPI y/y data (Forecast: 1.1%, Previous: 0.9%) will be released later at 1300 (GMT+8).

Japanese banks will be closed tomorrow in observance of Emperor’s Birthday. Expect lower trading volatility and volume during the usual Japanese market hours.

USD/JPY’s next support zone is at 114.200 and the next resistance zone of 116.000.
Look for short-term selling opportunities of USD/JPY.

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