It is still not clearly defined where the pair is headed next so you might want to follow today's speech of Chair Janet Yellen to try and grasp some understanding where it might go from here.
Chart: USD/JPY H4
Monday, June 6, 2016
USD/JPY Drops Close to Lowest Low
The pair reacted strongly to the latest US Jobs report significantly lower than expected (170k to 38k). USD/JPY went down to 106.38, dangerously close to its lowest low at 105.54. The pair was able to post some gains today making a high of 107.44.
It is still not clearly defined where the pair is headed next so you might want to follow today's speech of Chair Janet Yellen to try and grasp some understanding where it might go from here.
Chart: USD/JPY H4
It is still not clearly defined where the pair is headed next so you might want to follow today's speech of Chair Janet Yellen to try and grasp some understanding where it might go from here.
Chart: USD/JPY H4
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Good post!
ReplyDeleteBig drop on the pair.
ReplyDeleteThanks for such an informative analysis.
ReplyDeleteVery helpful and insightful analysis, excellent.
ReplyDeleteThanks for the post.
ReplyDelete