Daily Market Analysis 24/09/2021: USDJPY

Daily Analysis / Online Education

Daily Market Analysis 24/09/2021: USDJPY

Instrument: USDJPY

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 110.594 with take profit at 110.738.
Bearish Preference: 
Sell position is envisaged if price trades below 110.234 with take profit at 110.108.
Fundamentals: USD 3:00 pm Fed Chair Powell Speaks

Comment: USD/JPY took a breather on Friday after jumping more than 80-pips in the overnight session. The rise in the pair was contributed by the Fed’s cautious optimism on the timeline of tapering and subsequent rate hike. Additionally, a further move was corroborated by the ebbed contagion of China’s Everngrande default risk.

Analysis: SCRUM Team

Leave your thought here

Your email address will not be published. Required fields are marked *

Select the fields to be shown. Others will be hidden. Drag and drop to rearrange the order.
  • Image
  • SKU
  • Rating
  • Price
  • Stock
  • Availability
  • Add to cart
  • Description
  • Content
  • Weight
  • Dimensions
  • Color
  • Additional information
  • Attributes
  • Custom fields
Wishlist 0
Open wishlist page Continue shopping