Instrument: USDJPY
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 110.106 with take profit at 110.215.
Bearish Preference:
Sell position is envisaged if price trades below 109.897 with take profit at 109.762.
Fundamentals:
1:30 PM USD Unemployment Claims
Philly Fed Manufacturing Index
Empire State Manufacturing Index
2:30 PM Fed Chair Powell Testifies
Comment: The greenback remains under pressure across the FX board on Thursday, with the demand undermined by the latest comments from US Federal Reserve Chair Jerome Powell. In his semi-annual testimony on monetary policy before Congress, Powell repeated its cautious message of maintaining an ultra-loose monetary policy until the economy fully recovers
Analysis: SCRUM Team
