Technical Price movement of USDJPY.
Postion: LONG
USDJPY Finding Support on Daily 50EMA
Currently, the price movement for USDJPY maintains its short term correction looking for a major support . The price is still above the 50/200 Exponential moving average giving it a solid support.
USD Key Notes
Trade tension is still high about US relation with China and Canada.
Interest rate spreads amidst tightening of US monetary policy as the economy improves.
GDP Growth is on track and in upper range of Fed's forecast.
Stun Your Readers
BOJ Unlikely to change.
Bank Of Japan might not change the amount of assets it may acquire which would certainly be a change of monetary policy.
Numbers to look :
For this week, be cautious on the price support levels
Level 1 Support: 110.80 range
Major Support: 110.06 range
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