Instrument: USDJPY
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 110.935 with take profit at 111.064.
Bearish Preference:
Sell position is envisaged if price trades below 110.475 with take profit at 110.371.
Fundamentals:
1:30 pm USD Philly Fed Manufacturing Index
USD Unemployment Claims
Comment: The greenback maintained its strong stance through the Asian session, consolidating gains, and resumed its advance in the London morning. Data wise, Japan released bond investment figures, which usually has no impact on price action. The US will publish the Philadelphia Fed Manufacturing Survey for June.
Analysis: SCRUM Team