USD/JPY - Major technical indicators:
Moving Averages: BUY
Technical Indicators: STRONG BUY: BUY(9); SELL (0)
Technical Indicators:
Moving Averages:
Pivot Points:
Technical Summary:
Fundamental:
The dollar edged slightly higher against the other major currencies on Wednesday, as investors remained cautious following news of a fresh North Corean missile test.
USD/JPY rose 0.24% to 113.55, the highest since May 16.
The yen erased the previous session’s gains posted after North Korea said it had fired an “unidentified ballistic missile” which landed in the Sea of Japan. Tokyo strongly protested what it called a clear violation of UN resolutions.
The greenback remained supported after upbeat U.S. manufacturing data on Monday reinforced expectations for another rate hike by the Federal Reserve this year.
The dollar had come under pressure last week amid expectations that central banks in Europe and Canada are getting ready to join the Fed in tightening monetary policy.
Jr Trader Alexander Kumanov
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