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Instrument: USDJPY
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 142.081 with take profit at 142.291.
Bearish Preference:
A sell position is envisaged if the price trades below 141.328 with take profit at 141.022.
Fundamentals:
None with High Impact
Comment:
Global shares drifted on Monday, consolidating gains after hitting a 14-month high last week, as investors awaited testimony from U.S. Federal Reserve Chair Jerome Powell in markets that remain dominated by monetary policy bets. The yen was undermined by Friday’s dovish Bank of Japan meeting , touching a seven-month low of 141.97 per dollar.
Analysis: SCRUM Team
