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Instrument: USDJPY
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 109.769 with take profit at 109.864.
Bearish Preference:
Sell position is envisaged if price trades below 109.614 with take profit at 109.522.
Fundamentals:
No major fundamental
Comment: The Dollar/Yen is edging higher on Tuesday but remains inside last Thursday’s wide range, suggesting investor indecision and impending volatility. Treasury yields late in the session tightened the spread between U.S. Government bonds and Japanese Government bonds, making the U.S. Dollar a less attractive asset of the two pairings.
Analysis: SCRUM Team
