Instrument: USDJPY
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 109.478 with take profit at 109.671.
Bearish Preference:
Sell position is envisaged if price trades below 109.228 with take profit at 109.051.
Fundamentals:
No major fundamental.
Comment: The US Dollar is seeing some movement Friday morning. USD price action has been trading on its back foot for most of the session, but weakness is accelerating as markets digest a big miss on the latest consumer sentiment report just released. Preliminary consumer sentiment data for August showed a sharp decline in the headline index as well as the current conditions and future expectations subcomponents.
Analysis: SCRUM Team
