USDJPY - Bullish Bias
USD - BULLISH
1️⃣ The US economy created the most jobs in 7 months in March, and the ISM Services PMI showed record growth in the services sector.
2️⃣ President Biden unveiled a $2.25 trillion infrastructure plan to boost the economic recovery, although the package is likely to face strong GOP opposition, especially over a corporate tax hike increase.
3️⃣ The fundamentals for the dollar remain strong and the currency has room for further upside momentum as the American economy seems better positioned than others for a strong recovery from the coronavirus pandemic.
JPY - BEARISH
1️⃣ Beijing has cautioned Tokyo against teaming up with Washington to counter China, ahead of a US-Japan summit next week.
2️⃣ Quasi-emergency measures against COVID-19 officially commenced Monday in Osaka, Hyogo and Miyagi prefectures as part of efforts to stem a sharp resurgence in infections in the three areas.
3️⃣ Japan's household spending plunged 6.6% on-year in real terms in February.
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Technical
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We are buying the USDJPY at RBS + above SMA 50 on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ The US economy created the most jobs in 7 months in March, and the ISM Services PMI showed record growth in the services sector.
2️⃣ President Biden unveiled a $2.25 trillion infrastructure plan to boost the economic recovery, although the package is likely to face strong GOP opposition, especially over a corporate tax hike increase.
3️⃣ The fundamentals for the dollar remain strong and the currency has room for further upside momentum as the American economy seems better positioned than others for a strong recovery from the coronavirus pandemic.
JPY - BEARISH
1️⃣ Beijing has cautioned Tokyo against teaming up with Washington to counter China, ahead of a US-Japan summit next week.
2️⃣ Quasi-emergency measures against COVID-19 officially commenced Monday in Osaka, Hyogo and Miyagi prefectures as part of efforts to stem a sharp resurgence in infections in the three areas.
3️⃣ Japan's household spending plunged 6.6% on-year in real terms in February.
=====
Technical
=====
We are buying the USDJPY at RBS + above SMA 50 on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Transaction en cours
Trade fermée: ordre d’arrêt atteint
❌ TRADE HAS HIT STOP LOSS-30 PIPS
Safe-haven JPY turns strong following the negative tone in US premarket.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.