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