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Macro

USD/JPY Outlook (11 February 2022)Overall, USD/JPY is ranging across. Recently, USD/JPY traded into the resistance zone of 116.000 after the release of the strong U.S. inflation data. Japanese banks will be closed today in observance of National Foundation Day. Expect lower trading volatility and volume during the usual Japanese market hours. Currently, USD/JPY is testing the resistance zone of 116.000 and the next support zone is at 114.200. Look for short-term buying opportunities of USD/JPY if it breaks the resistance zone of 116.000.
Long
by JinDao_Tai
USD Overview (11 February 2022)Yesterday, USD strengthened against most major currencies except GBP and EUR. The CPI m/m data released yesterday indicated continued rise in inflation during January. Annual inflation continued to rise at a faster pace, hitting a 40-year high level. CPI m/m (Actual: 0.6%, Forecast: 0.4%, Previous: 0.5%) Core CPI m/m (Actual: 0.6%, Forecast: 0.5%, Previous: 0.6%) The Preliminary UoM Consumer Sentiment data (Forecast: 67.2, Previous: 67.2 revised from 68.8) will be released later at 2300 (GMT+8).
TVC:DXY
by JinDao_Tai