While recent US data has not impressed, such as the fall in retail sales, Yellen’s relatively upbeat comments helped USD/JPY push higher last week. US unemployment claims looked sharp this week, which could give the dollar some momentum. So, the overall sentiment is bullish on USD/JPY towards this release.
Technical levels, from top to bottom: 126.59, 125.86, 124.16, 123.18, 122.01
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