Daily Market Analysis 14/10/2021: USDJPY

Instrument: USDJPY

Technical Analysis

Bullish Preference: 
A Buy position is envisaged if price trades above 113.585 with take profit at 113.745.
Bearish Preference: 
A Sell position is envisaged if price trades below price 113.180 with take profit at 113.012.
1:30pm USD PPI m/m
             USD Core PPI m/m
            USD Unemployment Claims

Comment: The dollar eased against high-yielding currencies but advanced against the yen in early European trading on Thursday, as the market absorbed the implications of Wednesday’s higher-than-expected inflation data out of the U.S. The dollar’s only notable gains were against the yen, where it rose another 0.3% to 113.53, supported by ever stronger expectations of a widening interest rate differential with Japan.

Analysis: SCRUM Team

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