Instrument: USDJPY
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 111.906 with take profit at 112.013.
Bearish Preference:
A Sell position is envisaged if price trades below price 111.658 with take profit at 111.551.
Fundamentals:
1:30pm USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate
Comment: Today’s Nonfarm Payrolls data for September will be important as it will be the last report before that FOMC meeting on November 3. This month’s U.S. jobs report will likely only have to clear the lowest of hurdles to keep the Fed on track; indeed, some analysts are suggesting that as long as [the] U.S. economy creates at least 100K net new jobs, the Fed will feel comfortable announcing its tapering plan
Analysis: SCRUM Team
