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Instrument: USDJPY
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 109.543 with take profit at 109.658.
Bearish Preference:
Sell position is envisaged if price trades below 109.178 with take profit at 109.069.
Fundamentals:
3:00pm USD Prelim UoM Consumer Sentiment
Comment: The dollar was down on Friday morning in Asia after the U.S. posted higher-than-expected inflation data in May. Early in the Asia session the greenback nursed small losses, as traders figured there were enough one-offs in last month’s 0.6% rise in consumer prices to support the Federal Reserve’s insistence that inflation was likely to be transitory.
Analysis: SCRUM Team
