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Instrument: USDJPY
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 113.864 with take profit at 113.972
Bearish Preference:
Sell position is envisaged if price trades below 113.679 with take profit at 113.581
Fundamentals:
1:30pm USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate
Comment: The dollar was marginally lower in early European trade Friday, consolidating after the previous session’s strong gains and ahead of the release of key U.S. employment data which could sway the Federal Reserve’s thinking over interest rate hikes.
Analysis: SCRUM Team
