All the content is provided for general information only and trade signals should not be construed as any form of regulated advice. It does not take into consideration your personal circumstances, including your investment objectives, risk profile, tax status, knowledge and understanding or financial situation. Past performance is no guarantee of future results.
Commentary
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.