JPY Daily Review for March 14, 2018
|We had a mixed close from the US yesterday, and even Asia this morning lacked significant direction. As we move into Tuesday we are awaiting some high impact data later today from the US, with inflation data for February hitting the wires.|
|The February US CPI report will help shape expectations for the US Dollar today and the FOMC meeting next week.|
|– USD/JPY is trading above its daily 21-EMA for the first time since January 8 as traders shrug off land deal scandal involving Japanese PM Abe and FM Aso. -…|
|A broader technical picture offers perspective on price with respect to trend. Here are the updated targets & invalidation levels that matter on the Euro|
|CPI printed at 2.2% this morning for the sixth consecutive month at the Fed’s 2% target or higher. This led to a quick fall in|
|The US dollar initially rallied against the Japanese yen, reaching towards the 107 handle, but then turned around to fall and form a shooting star. The shoot…|
Have a nice trading!