JPY Daily Review for June 12, 2018
|The anti-risk Yen fell as markets cheered a meeting between Donald Trump and Kim Jong-un. The role of China in brokering it may prove most|
|The AUD/JPY reversal from technical resistance last week remains in focus with major event risk on tap. These are the updated targets & invalidation levels|
|The combination of current sentiment and recent changes gives us a further mixed USDJPY trading bias.|
|The next few days bring a heavy slate of event risk, as a widely-expected rate hike from the Federal Reserve leads into ECB and BoJ|
|USD/JPY may continue to consolidate ahead of the FOMC rate decision on June 13 as market participants wait for the fresh projections from Chairman Powell|
Have a nice trading!