We hold our long USDJPY view whilst the currency pair is above support around 108 despite prices not having been able to breakthrough resistance above 110. This is due to the FOMC minutes indicating that the FED could taper asset purchases in the near future as the US economy continues to re-open from the covid pandemic shutdown. Therefore we will await key economic releases over the coming week, in particular durable goods orders on Thursday and core PCE price index on Friday, for any significant price action.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.