Sunday, September 23, 2018

USD/JPY - 24 September 2018


Fundamental Highlights

The implementation of the long awaited tariffs between the U.S. and China is scheduled to take effect today. During Monday's session there aren't any major reports coming out of the U.S. or Japan. Moreover, traders await the BOJ Governor Haruhiko Kurda's speech during tomorrow's session. In addition to that, traders will keep an eye on the CB Consumer Confidence report coming out of the U.S. on Tuesday.

Technical Analysis

After a slight pullback for the pair this morning, the Dollar/Yen may find itself moving bullishly towards the 112.74 resistance. Thereafter, and if no negative news comes out, the USD/JPY may break that 112.74 level and continue further towards the 112.84 area. During Monday's session, the pair seems to be a good buy.

Support: 112.40 112.14
Resistance: 112.74 112.84

Chart (H1)