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USD/JPY rallied this morning to 111.80 but currently is hovering around 111.70. Whether the pair will keep its direction depends ot the NFP outcome today.
Usd/Jpy pulled back and consolidating short term, but long term the pair still appear to be bullish. Break below the support level around 108.63 could signal a deeper pullback.
i agree.With profit taking sp500 it will easily go below 110.
Short USDJPY is the trade of the month
USD/JPY is trading well above 111.00 as the greenback is still influenced by the economic fundamentals from last week. Now first resistance is seen at 111.85 region, above which the pair is likely to test the 112.00 handle.