Monday, September 10, 2018

USD/JPY - 10 September 2018

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Fundamental Highlights

As there's limited news coming from Japan today, our focus will remain on fresh news coming out of the U.S.. During Monday's session the price action for the pair will mainly be dictated by potential fresh developments on the trade war saga between the U.S. and China and the implementation of pending tariffs.

Technical Analysis

During today's session, the pair may start off on a bearish move towards the 110.74 support level. After that, it is likely that USD/JPY may regain strength and bullishly move in the direction of the 111.18 figure.

Support: 110.74 110.49
Resistance: 111.18 111.38

Chart (H1)
USDJPY

 
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