Source: PaxForex Premium Analytics Portal, Technical Insight

Yellen: There is no conflict between the Fed's dual mandate (inflation, employment):

1. Strong growth in the labor market is beneficial for minorities;

2. The Fed does not set a target unemployment rate for different groups of workers.

USD/JPY, 30 min

Pivot: 104.50

Analysis:

Provided that the currency pair is traded below 104.70, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 104.50
• Take Profit 1: 104.35
• Take Profit 2: 104.15

Alternative scenario: 

In case of breakout of the level 104.70, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 104.70
• Take Profit 1: 104.90
• Take Profit 2: 105.15

Comment:

Technically RSI shows the possibility of a downtrend during the day. 

Key levels:

USD/JPY, D1

Pivot: 104.76

Analysis:

While the price is below 105.65, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 104.76
• Take Profit 1: 104.00
• Take Profit 2: 103.10

Alternative scenario:

If the level 105.65 is broken-out, follow the recommendations below.

• Time frame: D1
• Recommendation: long position
• Entry point: 105.65
• Take Profit 1: 106.15
• Take Profit 2: 106.90

Comment:

RSI shows a medium-term downtrend.

Key levels:

We also advise you to pay attention to the following currency pairs for intraday trading:

EUR/USD – buy above 1.1835 with 1.1880 and 1.1900 as Take Profit targets. Alternative scenario - if the level of 1.1835 is broken-down, you should consider selling with the targets 1.1815 and 1.1795 as Take Profit.
GBP/USD - long positions above 1.3185 with 1.3270 and 1.3290 targets as Take Profit. Alternative scenario - if the level of 1.3185 is broken-down, sell with the targets 1.3165 and 1.3150 as Take Profit.
USD/CHF - sell below 0.9135 with 0.9090 and 0.9075 targets as Take Profit. Alternative scenario - if the level 0.9135 is broken-out, buy with the TP 0.9150 and 0.9170.