Instrument: USDJPY
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 113.585 with take profit at 113.745.
Bearish Preference:
A Sell position is envisaged if price trades below price 113.180 with take profit at 113.012.
Fundamentals:
1:30pm USD PPI m/m
USD Core PPI m/m
USD Unemployment Claims
Comment: The dollar eased against high-yielding currencies but advanced against the yen in early European trading on Thursday, as the market absorbed the implications of Wednesday’s higher-than-expected inflation data out of the U.S. The dollar’s only notable gains were against the yen, where it rose another 0.3% to 113.53, supported by ever stronger expectations of a widening interest rate differential with Japan.
Analysis: SCRUM Team
