Bullish U. S. Dollar/Japanese Yen

Technical Analysis

-Current monthly candle extremely bullish with bottom wick.
-Weekly candle closed above a level of resistance with a bottom wick.
-Daily Closure above level of resistance.
-Daily candle has both top and bottom wicks indicating volume and range.
-Clean traffic going up to retest the highs.

Calendar until September

-Monday August 22 8.30 pm ET Flash Manufacturing PMI (JPY)
-Tuesday Aug 23 1 am BOJ CORE CPI y/y (JPY)
-Tuesday August 23 9.45 am Flash Services & Manufacturing PMI (USD).
-Wednesday August 24 7.50 pm SPPI y/y (JPY)
-Thursday August 25 8.30 am Prelim GDP q/q (USD) and Jackson Hole Symposium begins.
-Thursday August 25 7.30 pm Tokyo Core CPI y/y (JPY)
-Friday August 26 8.30 am Core PCE Price Index m/m (USD) and 10 am FED CHAIR POWELL speaks.
-Monday August 29 7.50 pm and 7.30 pm Retail Sales y/y & Unemployment Rate (JPY)
-Tuesday August 30 10 am CB Consumer Confidence and JOLTS Jop Openings (USD).
-Tuesday August 30 7.50 pm Prelim Industrial Production m/m (JPY)
-Wednesday August 31 1 am Consumer Confidence and Houing Starts y/y (JPY)
-Wednesday August 31 7.50 pm and 8.30 pm Capital Spending q/y and Final Manufacturing PMI (JPY)