Wednesday, September 5, 2018

USD/JPY - 05 September 2018

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Fundamental Highlights

The next movement for the USD/JPY will mainly be impacted by the U.S. and its trade wars, with the U.S. scheduled to restart negotiations with Canada and to start implementing tariffs on $200 billion of Chinese goods this Thursday. On the other hand, Japan seems to be quiet in the upcoming sessions with regard to the pair. Investors will likely focus on the NFPs report pending for release on Friday, with expectations set for a positive round of figures that should help the Dollar move higher.

Technical Analysis

The pair is moving closer towards the upper end of its recent range. During today's session, the Dollar/Yen may slightly slip towards the 111.24 figure before regaining momentum and rallying in the direction of the 111.64 area.

Support: 111.24 111.06
Resistance: 111.64 111.80

Chart (H1)
USDJPY

 
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