Wednesday, September 19, 2018

USD/JPY - 20 September 2018


Fundamental Highlights

There are no crucial reports coming out of the U.S. or Japan during Thursday's session. As the tariffs implementation is coming closer i.e. 24th of September, the Dollar/Yen traders turn their attention to what will happen to the dollar after this takes place. This pair can have sudden pullbacks if we read any negative headlines in the news which has become a normal part of our daily lives thanks to Trump.

Technical Analysis

After a strong rally for the Dollar at the beginning of the week, the pair eased off a little during Wednesday's session. The Dollar/Yen may continue in a bearish manner during today's session reaching the 111.96 area. During Thursday's session the pair seems to be a good short.

Support: 111.96 111.86
Resistance: 112.34 112.43

Chart (H1)