USDJPY pair still into bearish trend, Currently the pair trading between parallel trend under the trend range, Looking ahead, the pair could struggle to take on the recovery further towards 111 levels, as renewed weakness in oil prices could weigh down on the risk sentiment, while increased cautiousness ahead of the US ADP jobs report could also keep a lid on the price. We can see another leg down towards 109.80/108.40.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.