Update Time: 09 Dec 2021 09:30GMT.
USD/JPY - 113.45
The greenback's rise to 113.77 on Tuesday due to a rally in U.S. stocks and Treasury yields suggests the 1st leg of correction from November's fresh 3-year peak at 115.51 has ended at 112.54 last
Tuesday and intra-day weakness would yield consolidation before prospect of another rise towards 114.20, however, near term loss of momentum would keep price below 114.50/60 and yield retreat.
On the downside, only below 113.08/10 would indicate aforesaid recovery has ended instead and risk stronger weakness to 112.70/80.
On the eco. data front, US will release initial jobless claims, continued jobless claims, wholesale inventories and sales.
Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.