As market grew worried, the US currency depreciated and the stock market pulled back. While equities still haven't recovered quiet as well, the US dollar is doing a good job in the recovery process.
The USD/JPY pair reached a high of 109.30 and is now trading very close to it. The pair might concentrate around this level until the announcement of the latest NFPs and jobs data scheduled to be released in less than an hour.
Chart: USD/JPY H4
The move to the upside continues.
ReplyDeleteLet's see how it will develop.
ReplyDeleteVery useful information! Thanks.
ReplyDeleteVery helpful analysis, thank you!
ReplyDeleteVery helpful analysis.
ReplyDeleteGood point! Thanks for sharing it.
ReplyDeleteImmediate resistance can be found at 110.00 level.
ReplyDeleteAs always, very detailed analysis.
ReplyDeleteImportant information, will keep it in mind!
ReplyDelete