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Instrument: USDJPY
Bullish Preference:
Buy position is envisaged if the price trades above 146.503 with take profit at 146.871.
Bearish Preference:
Sell position is envisaged if the price trades below 146.056 with take profit at 145.807.
Fundamentals:
1:30PM USD Unemployment Claims
Comment:
The dollar strengthened against a basket of currencies after the Fed minutes, coming within sight of an over two-month high as traders bet that U.S. interest rates will remain higher for longer, or even potentially rise further this year.
This notion pressured most Asian currencies, as the gap between risky and low-risk yields narrowed. The Japanese yen was among the worst hit, hovering at a nine-month low on Thursday.
Analysis: SCRUM Team
