Wednesday, August 15, 2018

USD/JPY

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Fundamental Highlights

After hitting its lowest since the end of June 2018, the pair rallied in yesterday's session. This recovery for Dollar/Yen came after the Turkish situation seems to have calmed down at least for the short term. USD/JPY may continue to see volatility due to global risks related to the U.S. and their tensions with China.

Technical Analysis

Following an upward move for the pair in Tuesday's session, USD/JPY will likely move towards the 110.80 level today before switching directions to the 111.37 resistance level.

Support: 110.80 110.15
Resistance: 111.37 111.86

Chart (H1)
USDJPY_20180815

 
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