USD/JPY
Daily Market Briefing
USD/JPY
15-08-2017
Economic Calendar
| Time | Currency | Impact | Description | Previous | Forecast | Actual |
| 11:30am | JPY | Low | Revised Industrial Production m/m | 1.6% | 1.6% | |
| 7:30pm | USD | High | Core Retail Sales m/m | -0.2% | 0.3% | |
| USD | High | Retail Sales m/m | -0.2% | 0.3% | ||
| USD | Medium | Empire State Manufacturing Index | 9.8 | 10.1 | ||
| USD | Medium | Import Prices m/m | -0.2% | 0.1% |
USD/JPY News
Topic: Dollar edges higher vs yen as concerns over North Korea tensions ease
The dollar edged higher against the yen on Tuesday, pulling away from a recent four-month low, as concerns over tensions between the United States and North Korea eased for now, supporting risk appetite.
North Korea’s said he will watch the actions of the United States for a while longer before making a decision on a threatened missile strike near Guam, the North’s official news agency said on Tuesday.
The dollar rose 0.4 percent to 110.04 yen , pulling further away from a near four-month low of 108.72 yen set on Friday.
REFERENCE: https://www.investing.com/news/forex-news/dollar-edges-higher-vs-yen-as-concerns-over-north-korea-tensions-ease-518515
Technical Chart-H4
Resistant & Resistant
| Resistant | Pivot | Support |
| R1: 109.941 | 109.486 | S1: 109.189 |
| R2: 110.238 | S2: 108.734 | |
| R3: 110.693 | S3: 108.392 |
Main Scenario :
Recommendation : Long Position at R1 109.941 target R3 110.693
Alternative Scenario :
Short position above R3 110.693 as target R1 109.941
