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Source: Action Forex News Agency
1 month ago
Forex Medium Importance
USD/JPY Faces NFP With Intervention Risk Creating an Asymmetric Trade

USD/JPY Faces NFP With Intervention Risk Creating an Asymmetric Trade

TL;DR: USD/JPY has recovered a third of last week's intervention-driven losses, but Friday's payrolls report sets up an asymmetric trade — a strong print faces profit-taking near 160 on intervention risk, while a weak print has a clear, undeterred path back to 155.

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Source: Action Forex
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Source: Invezz News Agency
1 month ago
Forex Medium Importance
USD/JPY forecast as Japanese yen retreat resumes ahead of US NFP data

USD/JPY forecast as Japanese yen retreat resumes ahead of US NFP data

The Japanese yen resumed its downward trend as investors reflected on the recent interventions by the United States and the Bank of Japan. After plunging to 155.20 earlier this week, the USD/JPY pair rebounded to 158.41 as traders bought the dip ahead of the US nonfarm payrolls (NFP) data.

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USDJPY USD/JPY
Source: Invezz
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