Instrument: USDJPY
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 133.595 with take profit at 133.823
Bearish Preference:
Sell position is envisaged if price trades below 132.835 with take profit at 132.581
Fundamentals:
3:00pm USD Prelim UoM Consumer Sentiment
Comment:
The U.S. dollar edged higher in early European trade Friday, rebounding to a degree after a two-day selloff as weaker than expected inflation data prompted a rethink of the Federal Reserve’s likely tightening path.
Analysis: SCRUM Team