Fundamental Analysis:
Japanese Prime Minister Fumio Kishida said on Tuesday. The government’s JPY13.2 trillion emergency relief package will help ease the pressure off households and companies from rising fuel and raw material costs.
Additional quotes
“The government will tap reserves set aside under the current fiscal year's budget to fund some of the measures...
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (107.800).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDJPY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...
