Monday, August 27, 2018

USD/JPY - 27 August 2018


Fundamental Highlights

No major news around the Japanese Yen this week. What may have an impact on the USD/JPY this week is news coming from the U.S. which are Wednesday’s Third Quarter Preliminary GDP report and Thursday's Core PCE Price Index report (This is the Fed's preferred inflation measure). These two upcoming reports may have an impact on the next move of the pair.

Technical Analysis

After having a strong Dollar in last week's sessions, we may see the pair slightly slipping towards the 110.8 support before regaining momentum and moving upward in the direction of the 111.3 area.

Support: 110.8 110.5
Resistance: 111.3 111.5

Chart (H1)