20th September 2021: USDJPY Losing Momentum $108.00
USDJPY will be likely losing its trend next week. This projection will be lead to the price of $108.00 in near future.While waiting for the economic projection on FED 21-22 September 2021 news, the market will turns slow as all trader waiting for the news result.
As many statement on the market analysis, FED will be unlikely to announce tapering next week.
While the stimulus on the dollar has diminish, this will give advantages to other intrusment on hedging against the Dollar.
“In the U.S., the key focus of next week will be the Federal Reserve’s meeting, though it may prove unextraordinary. After what was a disappointing August jobs report, it’s unlikely we’ll see the Fed formally announce the tapering of its outsized asset purchases. We do, however, still see that occurring this year, so we’ll be closely following Powell’s press conference for clues on the exact timing.”
On the other side of sentiment and position contract, fund manager and commercial trader has been locked their selling position on Dollar next week versus the Japaneses Yen.
The tide has change for next week and looking towards the Dollar find support at $108.00 versus the Yen.
Zezu Zaza
2048
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