Wednesday, September 5, 2018

USD/JPY - 06 September 2018


Fundamental Highlights

Today there are three main reports coming out of the U.S. to keep an eye on with respect to the Dollar/Yen: the ADP Non-Farm Employment Change report, the ISM Non-Manufacturing PML report, and the Crude Oil Inventories data. In addition, we also have a report coming from Japan which is the Average Cash Earnings Report. Moreover, focus will also continue to be on the U.S. and its trade wars with Canada and China.

Technical Analysis

Today the pair may see an upward move in the beginnings of the trade session towards the 111.57 resistance and thereafter may have a bearish move in the direction of the 111.24 area.

Support: 111.24 111.11
Resistance: 111.57 111.74

Chart (H1)