USD/JPY holds positive ground around 149.70
Updated
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USDJPY is currently at 149.60, a high level in many months. UJ continues to demonstrate its strong ability to increase in price within the upward trend channel. Both the RSI and EMA indicators indicate the likelihood of continued recovery support, with prices possibly fluctuating within the range of 149.7 - 148.55 before reaching the level of 150.00.
This weekend, the US ISM Non-Manufacturing PMI and ADP Non-Farm Employment Change for September will be released on Wednesday. Attention will then shift to the US Non-Farm Payrolls on Friday. These events may provide a clear direction for the USD/JPY pair.
USDJPY is currently at 149.60, a high level in many months. UJ continues to demonstrate its strong ability to increase in price within the upward trend channel. Both the RSI and EMA indicators indicate the likelihood of continued recovery support, with prices possibly fluctuating within the range of 149.7 - 148.55 before reaching the level of 150.00.
This weekend, the US ISM Non-Manufacturing PMI and ADP Non-Farm Employment Change for September will be released on Wednesday. Attention will then shift to the US Non-Farm Payrolls on Friday. These events may provide a clear direction for the USD/JPY pair.
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