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Instrument: USDJPY
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 114.051 with take profit at 114.166.
Bearish Preference:
Sell position is envisaged if price trades below 113.851 with take profit at 113.717.
Fundamentals:
USD : 3PM Richmond Manufacturing Index
Comment: The dollar edged higher Tuesday, rebounding from a one-month low although gains are small ahead of the release of key economic data and next week’s Federal Reserve meeting. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 93.882, climbing just above Monday’s one-month low.
Analysis: SCRUM Team
