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Instrument: USDJPY
Technical Analysis
Bullish Preference:
Buy is envisage if price trades above 109.245 with take profit at 109.364.
Bearish Preference:
Sell is envisaged if price trades below 109.021 with take profit at 108.930.
Fundamentals:
1:30 PM USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate
Comment: The dollar edged lower in early European trade Friday, under modest pressure ahead of the monthly U.S. employment report which is expected to firm up expectations of a strong economic recovery. The greenback has traded in narrow ranges Friday, with traders focusing on the release of U.S. payrolls data, at 1:30pm, which are expected to confirm the U.S. Labour market is on a solid path towards recovery from the pandemic.
Analysis: SCRUM Team
