- U.S. CB Consumer Confidence
Price Movement
Since yesterday, USD/JPY has been moving within a 40pips range.
Trend
Overall, USD/JPY is trending upwards.
Macro Background
The Conference Board (CB) Consumer Confidence, which measures the level of a composite index based on surveyed households, is expected to be lower than previous month.
If the data released is worse than expected, USD may weaken.
Important Issue
None.
Technical
USD/JPY is currently heading towards the 109 level.
Price Levels
Current Price: 109.193
Next Resistance: 109.744
Next Support: 108.734