Monday, September 3, 2018

USD/JPY - 04 September 2018


Fundamental Highlights

Our focus turns back to the U.S. and its trade wars which will have the highest impact on the Dollar/Yen at the moment. In addition, later today we have the ISM Manufacturing PMI report coming out from the U.S. which may also impact the next direction for the pair. Moreover, there are no major economic news coming out from Japan in Tuesday’s session.

Technical Analysis

The pair has come back strong in today's session after its fall in the past few days. The Dollar/Yen may move towards the 111.44 figure and continue further in the direction of the 111.58 area.

Support: 111.02 110.75
Resistance: 111.44 111.58

Chart (H1)