Instrument: USDJPY
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 136.020 with take profit at 136.404
Bearish Preference:
Sell position is envisaged if price trades below 135.256 with take profit at 134.851
Fundamentals:
1:30pm USD Unemployment Claims
USD Advance GDP
USD Advance GDP Price Index
Comment:
Fed increased its policy target interest rate on Wednesday by three-quarters of a percent for the second month in a row. Traders focused in particular on statements from Fed Chair Jerome Powell, who dropped guidance on the size of the next rate rise. That, in turn, heightened the possibility that the central bank could soon slow the pace of hikes.
Analysis: SCRUM Team
