Instrument: AUDJPY
Bullish Preference:
A buy position is envisaged if the price trades above 94.729 with take profit at 94.937.
Bearish Preference:
A sell position is envisaged if the price trades below 94.380 with take profit at 94.236.
Fundamentals:
None with High Impact
Comment:
Bank of Japan (BOJ) Governor Kazuo Ueda said there was a view that “there is strong uncertainty in the global economy,” the Japanese news agency reported. Ueda has cited uncertainty about the global economy as a reason for keeping ultra-easy monetary policy in place in Japan, even as inflation runs above the central bank’s target. The BOJ’s easy monetary policy has been a key driver of the yen’s weakness, as it contrasts with tightening in the United States, Europe, and most other developed economies.
Analysis: SCRUM Team