Instrument: USDJPY
Bullish Preference:
Buy position is envisaged if price trades above 146.208 With take profit at 146.355.
Bearish Preference:
Sell position is envisaged if price trades below 145.836 with take profit at 145.684.
Fundamentals:
3:00pm USD Revised UoM Consumer Sentiment
3:05pm USD Fed Chair Powell Speaks
All Day Jackson Hole Symposium
Comment:
The United States Dollar still finds buyers against the Japanese Yen whenever the rate heads South, with Thursday’s Asian and European gains almost enough to claw back the previous session’s losses.USD/JPY didn’t move much on the latest feeble economic data release. US Durable Goods orders for July fell by 5.2% on the year. That was worse than the 4% expected and the sharpest fall since April 2020, when the US was struggling out of the Covid pandemic.
Analysis: SCRUM Team