USD/JPY slipped on Monday as investors looked for safe-haven possessions in the middle of concerns of a potential federal government closure and rising geopolitical stress.
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• U.S. President Donald Trump is readied to meet with elderly legislative leaders from both events on Monday to negotiate a government funding extension. Without an arrangement, a federal closure will start on Wednesday.
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• On the Geopolitical front, attention continued to be on the battle in Ukraine and the potential for increased military spending.
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• Japan’s financial schedule today consists of the BOJ’s Q 3 Tankan study, industrial production, retail sales, jobs data, and final September PMIs.
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• The Financial institution of Japan’s plan meeting summary for September 18 – 19 is due on Tuesday, while BOJ Governor Kazuo Ueda will certainly hold a news conference after meeting business leaders in Osaka on Friday.
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• Immediate resistance is located at 149 53 (Daily high), any close above will certainly push the pair in the direction of 150 97 (23 6 %fib).
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• Assistance is seen at 148 50 (38 2 %fib) and break below can take both in the direction of 147 91 (SMA 20
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Suggestion: Great to offer around 148 60, with stop loss of 149 50 and target cost of 148 00