Monday, September 24, 2018

USD/JPY - 25 September 2018


Fundamental Highlights

The Bank of Japan's Governor Haruhiko Kuroda will have a speech early during Tuesday's session that may impact the move of the pair. During today's session there is the release of the Consumer Confidence report from the U.S. On Wednesday, we have many major reports coming out of the U.S. which may impact the price action of the Dollar/Yen, which include the Crude Oil Inventories, the FOMC Economic Projections, the FOMC Statement, the Federal Funds Rate, and the FOMC Press Conference.

Technical Analysis

The pair started its day with the U.S. Dollar rallying against the Japanese Yen. This bullish move for the pair during Tuesday's session may continue towards the 112.92 level where it may break it and continue further above the 113.00 area. The Dollar/Yen seems to be a good buy during today's session.

Support: 112.53 112.27
Resistance: 112.92 113.00

Chart (H1)