Skip to content 
Instrument: USDJPY
Technical Analysis
Bullish Preference:
A buy position is envisaged if price trades above 143.783 with take profit at 144.098
Bearish Preference:
A sell position is envisaged if price trades below price 142.826 with take profit at 142.512
Fundamentals:
1:30 USD: PPI m/m
Core PPI m/m
Comment:
The U.S. dollar stabilized in early European trade Wednesday, pausing for breath after the previous session’s sharp gains in the wake of the hotter-than-expected U.S. inflation report. U.S. inflation turned out stronger than expected in August. In particular, the so-called ‘core CPI’ rose a thumping 0.6%, twice what was expected, driving the annual core inflation rate up to 6.3% from 5.9% in July. That’s the highest it’s been since the 40-year high that it hit in March.
Analysis: SCRUM Team
