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 a neutral view on USDJPY as despite the recent increases risk appetite there is significant US dollar weakness due to FED rate cuts and stimulus.
Therefore at this stage we don't have a directional view as we await significant price action and the currency pair to breach either resistance at 108.8 or support at 106.06.