Instrument: USDJPY
Bullish Preference:
A buy position is envisaged if price trades above 148.252 with take profit at 148.411
Bearish Preference:
A sell position is envisaged if price trades below 148.095 with take profit at 147.985
Fundamentals:
1:30pm USD Unemployment Claims
Comment:
The dollar hit fresh peaks against a handful of currencies on Thursday, sitting around its highest versus the yen since early November, after the U.S. Federal Reserve struck a sternly hawkish tone after holding rates steady.
Focus is now squarely on a Bank of Japan meeting on Friday, where the central bank is widely expected to provide more cues on when it plans to end its negative rate regime.
Analysis: SCRUM Team