Instrument: USDJPY
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 122.813 with take profit at 123.002.
Bearish Preference:
Sell position is envisaged if price trades below 122.211 with take profit 122.056.
Fundamentals:
1:30pm USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate
3:00 pm USD ISM Manufacturing PMI
Comment:
The U.S. dollar edged higher Friday ahead of the release of the widely watched U.S. monthly jobs report, which could help the Federal Reserve decide upon a more aggressive rate tightening cycle.
Analysis: SCRUM Team
