Fundamental analysis:
USD: decrease in the Consumer Price Index ( CPI ) of -0.1% compared to the previous month's reading of 0.1% for the US dollar would indicate that there has been a decrease in inflation . Inflation rate can be calculated as the percentage change in the CPI from the previous month. In this case, it would be -0.2%. This means that the inflation rate decreased by 0.2% in the current month compared to the previous month.
JPY: Due to the distribution of dollars in the market, the price of the Japanese yen continues to be strong without any intervention from the central bank.. We had to wait for the decisions of the Bank of Japan in the driver in future.
Technical analysis:
price will pullback to strong supply zone can continue to push down to LL target
Target:127
USD: decrease in the Consumer Price Index ( CPI ) of -0.1% compared to the previous month's reading of 0.1% for the US dollar would indicate that there has been a decrease in inflation . Inflation rate can be calculated as the percentage change in the CPI from the previous month. In this case, it would be -0.2%. This means that the inflation rate decreased by 0.2% in the current month compared to the previous month.
JPY: Due to the distribution of dollars in the market, the price of the Japanese yen continues to be strong without any intervention from the central bank.. We had to wait for the decisions of the Bank of Japan in the driver in future.
Technical analysis:
price will pullback to strong supply zone can continue to push down to LL target
Target:127
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.