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Instrument: USDJPY
Technical Analysis
Bullish Preference:
A buy position is envisaged if price trades above price 110.162 with take profit at price 110.227.
Bearish Preference:
A sell position is envisaged if price trades below price 109.961 with take profit at price 109.900.
Fundamentals:
1:30pm USD CPI m/m
USD Core CPI m/m
Comment: The release of the latest U.S. consumer prices, at 8:30 AM ET (1230 GMT), is keeping investors cautious Tuesday, as this is seen as being a key factor in determining when the Federal Reserve chooses to scale back its economic stimulus.
Analysis: SCRUM Team
