Wednesday, August 15, 2018

USD/JPY - 16 August 2018


Fundamental Highlights

There is no important news or data pending for release today concerning the Japanese Yen. As for the Dollar, any fresh data may provide the direction for the pair while investors also keep an eye out for any news from the global tensions between Trump and other countries which may also impact the movement of the Dollar/Yen.

Technical Analysis

Following its downward move during Wednesday's session, the Dollar/Yen seems to regain momentum and is moving towards the 111.37 area. At that point (111.37) it might make a slight dip in the direction of the 110.56 level.

Support: 110.56 110.15
Resistance: 111.37 111.86

Chart (H1)