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Instrument: USDJPY
Bullish Preference:
A buy position is envisaged if the price trades above 145.958 with take profit at 146.086.
Bearish Preference:
A sell position is envisaged if the price trades below 145.432 with take profit at 145.286.
Fundamentals:
1:30pm
USD Unemployment Claims
USD Core Durable Goods Orders m/m
USD Durable Goods Orders m/m
USD All Day Jackson Hole Symposium
Comment:
The dollar retreated on Wednesday after data indicated that U.S. business activity growth was its weakest since February, prompting U.S. Treasury yields to fall back from multi-decade highs as traders figured cooling economic activity would give the Federal Reserve less headroom to keep interest rates high.
Analysis: SCRUM Team
