Instrument: USDJPY
Technical Analysis
Bearish Preference:
A Sell position is envisaged if price trades below 106.710 with a take profit before 106.538.
Bullish Preference:
A Buy position is envisaged if price trades above price 107.099 with take profit before price 107.287.
Fundamentals:
7:00pm USD FOMC Member Brainard Speaks
8:00pm USD FOMC Member Daly Speak
Comment: Currency markets have recently been taking their cues from the global bond market, and while Treasury yields have stabilized the dollar has pushed higher on expectations that the Fed will show greater tolerance of higher bond yields than other central banks.
Analysis: SCRUM Team