Skip to content 
Instrument: USDJPY
Technical Analysis
Bullish Preference:
A buy position is envisaged if price trades above price 109.807 with take profit at price 109.907.
Bearish Preference:
A sell position is envisaged if price trades below price 109.589 with take profit at price 109.494.
Fundamentals:
No Major Fundamentals
Comment: The dollar edged higher in early European trade Wednesday, climbing from a near five-month low, as traders digest the latest strong U.S. manufacturing data with regard to a potential prompt normalization of Federal Reserve monetary policy.
A strong reading on the whole, adding to the general impression that the U.S. economy is rebounding strongly, which could push the Federal Reserve to normalize monetary policy more quickly than current guidance would suggest.
Analysis: SCRUM Team
