Mon, 10 May 2021 11:56:09 GMT
USD/JPY recovers after Friday's drop
On Friday, May 7, the USD/JPY experiences a sharp drop at 12:30 GMT. The move was caused by the worse than forecast US labour data. The rate suffered a 81 pip drop. However, by the middle of Monday's trading hours, the pair had recovered back to the 109.00 level, where it encountered resistance.
If the rate fails to pass the resistance