Instrument: USDJPY
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 132.884 with take profit at 133.241
Bearish Preference:
Sell position is envisaged if price trades below 131.980 with take profit at 131.623
Fundamentals:
1:30pm USD PPI m/m
USD Core PPI m/m
USD Unemployment Claims
Comment:
The dollar made up some losses on Thursday after a steep drop the previous day on softer than expected inflation data out of the U.S. Fed policymakers also warned following the data that they would maintain rate hikes until inflation pressures subsides.
Analysis: SCRUM Team