Instrument: USDJPY
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 129.292 with take profit at 129.465
Bearish Preference:
Sell position is envisaged if price trades below 128.672 with take profit at 128.423
Fundamentals:
8:30am USD PPI m/m
USD Core PPI m/m
USD Unemployment Claims
Comment:
Dollar Strengthens After CPI; Sterling Hit by GDP Release The U.S. dollar strengthened in early European trade Thursday to a new two-decade high after U.S. inflation remained stubbornly high, while sterling weakened on disappointing U.K. growth data.
Analysis: SCRUM Team