06 Sep

Economic Calendar

Time

Currency

Impact Description Previous Forecast

Actual

 7:00 am JPY Low Average Cash Earnings y/y 0.4% 0.5% -0.3%
7:30 pm USD Medium  Trade Balance -3.6 -3.2
8:45 pm USD Low Final Services PMI  56.9 56.8
9:00 pm USD High ISM Non-Manufacturing PM 53.9 55.8

News

Topic: Dollar slips vs. yen, hit by North Korea concerns and Fed outlook

  • The dollar edged down against the yen on Wednesday, getting closer to a recent 4-1/2 month low, pressured by simmering tensions on the Korean peninsula and on comments by a Federal Reserve official about low U.S. inflation.
  • The dollar fell 0.2 percent to 108.60 yen and touched a low near 108.50 yen in early Asian trade. That brought it back close to its Aug. 29 nadir of 108.265 yen, its weakest level since mid-April.

Ref: https://www.investing.com/news/forex-news/dollar-slips-vs-yen-hit-by-north-korea-concerns-and-fed-outlook-525872

Technical Chart-H4

Support & Resistant 

Resistant

Pivot

Support

R1:108.780

108.640

S1:108.500
R2:108.920 S2:108.360
R3:109.060 S3:108.220

 

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