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Instrument: USDJPY
Bullish Preference:
Buy position is envisaged if price trades above 149.189 with take profit at 149.348
Bearish Preference:
Sell position is envisaged if price trades below 148.724 with take profit at 148.559
Fundamentals:
USD 1:30 PM
Average Hourly Earnings m/m
Non-Farm Employment Change
Unemployment Rate
CAD 1:30 PM
Unemployment Rate
Employment Change
Comment:
Japan’s new interpretation of “excessive” yen volatility is aimed at keeping investors on guard rather than lowering the threshold for actual intervention, say experts, who expect yen bears to remain resilient until domestic monetary conditions tighten.
Japanese authorities have traditionally defined excessive moves as an abrupt spike or plunge in the yen that happen in a short period of time, such as in a single day or a week, and driven by speculative traders.
Today is NFP news from the US, this news will cause some some volatilities.
Analysis: SCRUM Team
