Instrument: USDJPY
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above price 105.572 with take profit at 105.649.
Bearish Preference:
A Sell position is envisaged if price trades below 105.313 with a take profit at 105.155.
Fundamentals:
JPY 6:30pm M2 Money Stock
Comment: The U.S. jobs report for January, released on Friday, showed that fewer jobs were created in the economy than expected. Non-farm payrolls were at 49,000 and the unemployment rate was at 6.3%. Further U.S. data, including the federal budget and the consumer price index, will be released later in the week. Although the data was disappointing, some investors said that it could lead to more stimulus measures, which in turn could boost the economy
Analysis: SCRUM Team