USD/JPY rallied this morning to 111.80 but currently is
hovering around 111.70. Whether the pair will keep its direction depends ot the
NFP outcome today.
i agree.With profit taking sp500 it will easily go below 110.
Short USDJPY is the trade of the month
USD/JPY is trading well above 111.00 as the
greenback is still influenced by the economic fundamentals from last week. Now
first resistance is seen at 111.85 region, above which the pair is
likely to test the 112.00 handle.