USDJPY Ananlysis

Daily Market Analysis 11.08.2022: USDJPY

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
1:30pm USD PPI m/m
USD Core PPI m/m
USD Unemployment Claims 

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

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