USDJPY Forex Weekly - 27 - 31 July 2020

USD/JPY flirts with four-month lows just above 106.50 amid broad US dollar weakness. Gold's relentless rally keeps the greenback under pressure. BOJ expects Japan's economy to improve in the second half of this year.

Price is currently trading out of the box and we are expecting heading lower towards 3.82 key level support fibo retracement.