Instrument: USDJPY
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 111.281 with take profit at 111.392
Bearish Preference:
Sell position is envisaged if price trades below 111.036 with take profit at 110.941
Fundamentals:
No major fundamental
Comment: The dollar edged lower in early European trade Monday, but remained just below last week’s highs given the ongoing concerns over China’s property sector ahead of key U.S. employment data At 3:10 AM ET (0710 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 93.995, after climbing last week to its highest level since September 2020.
Analysis: SCRUM Team
