USDJPY Gathers Momentum on Approach to Key Resistance
A daily close above 113.15 would expose the May and July highs near 114.35. Beyond that we have 115.40, a level that served as a pivot between December of 2016 and March of this year.
I’m going to stand aside for now and wait for a clear signal. The yen pairs have been difficult to read lately which warrants an extra dose of patience.
The most notable event coming up for the USD is Thursday’s unemployment claims at 8:30 am EST. Fed Chair Janet Yellen is scheduled to give a speech at 7:30 pm EST on Friday shortly after markets close, but I would be surprised if it causes much of a stir over the weekend.
Source: bit.ly/2yqsqwj
I’m going to stand aside for now and wait for a clear signal. The yen pairs have been difficult to read lately which warrants an extra dose of patience.
The most notable event coming up for the USD is Thursday’s unemployment claims at 8:30 am EST. Fed Chair Janet Yellen is scheduled to give a speech at 7:30 pm EST on Friday shortly after markets close, but I would be surprised if it causes much of a stir over the weekend.
Source: bit.ly/2yqsqwj
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