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Daily Market Analysis 09/09/2021: USDJPY

Instrument: USDJPY

Technical Analysis

Bullish Preference: 
A buy position is envisaged if price trades above price 110.021 with take profit at price 110.107.
Bearish Preference: 
A sell position is envisaged if price trades below price 109.879 with take profit at price 109.786.
Fundamentals:
USD 1:30PM Unemployment                            Claims
         6:00PM FOMC Member                           Bowman Speak
         7:00PM FOMC Member                           Williams Speaks

Comment: With the resignation of Prime Minister Suga, projected leading candidates are offering new Covid relief programs. One of the leading candidates has offered a package worth as much as 30 trillion Yen to help stimulate the economy. This has driven Japan’s Nikkei to 5-month highs and the Topix to levels not seen in 31 years! In addition.

Analysis: SCRUM Team

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