USD/JPY appears to be stuck in a narrow range 109.3 - 110.3.
USD/JPY may continue to consolidate ahead of the Kansas City Fed Economic Symposium scheduled for August 26 – 28 amid the ongoing weakness in longer-dated US Treasury yields. USDJPY may track sideways ahead of the Fed symposium amid the ongoing weakness in US Treasury yields.
=> If price break out are 109.00, may push USD/JPY back towards around 108.00 - 108.40, with a move below the 200-Day SMA (107.55) opening up the 107.20 region.
=> We can wait at 109-109.30 to enter a buy order, stoploss 108.70, take profit 110.30. gud luck.
USD/JPY may continue to consolidate ahead of the Kansas City Fed Economic Symposium scheduled for August 26 – 28 amid the ongoing weakness in longer-dated US Treasury yields. USDJPY may track sideways ahead of the Fed symposium amid the ongoing weakness in US Treasury yields.
=> If price break out are 109.00, may push USD/JPY back towards around 108.00 - 108.40, with a move below the 200-Day SMA (107.55) opening up the 107.20 region.
=> We can wait at 109-109.30 to enter a buy order, stoploss 108.70, take profit 110.30. gud luck.
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