USD/JPY has appreciated quite a lot since the June 2017 FOMC meeting in which Ms Yellen clearly spelled out that the economy is on solid footing and inflation is likely to rise to it's 2% target in medium term. The Federal reserve also kept open the option of one more Federal Fund rate hike this year. All this has given USD/JPY traders plenty of confidence to go long on it. I personally benefited by taking long positions in USD/JPY whenever I found a decent correction.
Today we will get the much awaited NFP report about the labor conditions in the United States and also the Unemployment rate. The Non farm payroll are likely to come around 175K which will be more than last months figure but well below 200+K figures we had got used to seeing in recent months. I will be looking for buying opportunities if NFP comes as anticipated for the target of 114.40.
Traduire en Anglais Montrez l'original