Instrument: USDJPY
Bullish Preference:
A buy position is envisaged if the price trades above 145.933 with take profit at 146.792
Bearish Preference:
A sell position is envisaged if the price trades below 145.004 with take profit at 144.568
Fundamentals:
No Major fundamental
Comment:
The U.S. dollar edged lower in early European trade Wednesday, handing back recent gains ahead of the release of minutes from the last Federal Reserve meeting, while sterling gained despite U.K. inflation slowing sharply. The Japanese yen was flat on Wednesday, but was nursing steep losses in recent sessions that drove the currency to a nine-month low against the dollar.
Analysis: SCRUM Team