Monday, February 11, 2019

USD/JPY - 11 February 2019


Fundamental Highlights

The global equities’ limited gains on Friday failed to create any momentum on the USD/JPY. Japanese banks will be closed today as it is the National Foundation Day and thus no relevant data will be released; investors will focus on the global equity markets to establish a bias in direction.

Technical Analysis

The Dollar/Yen price battle remains a stalemate as market participants trying to break from the 109.60 (S1) and 110 (R1) range. We are patiently waiting for a breakout to either side to confirm the next possible trajectory on this pair.

Support: 109.50 / 109.1
Resistance: 110 / 111.10

Chart (H4)