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Instrument: USDJPY
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 128.234 with take profit at 128.424
Bearish Preference:
Sell position is envisaged if price trades below 127.690 with take profit at 127.526
Fundamentals:
6:00pm USD Fed Chair Powell Speaks
Comment:
The U.S. dollar edged higher in early European trade Friday, boosted by rising U.S. bond yields as Fed chief Jerome Powell added to expectations for aggressive Federal Reserve monetary tightening.
Analysis: SCRUM Team
