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USDJPY Swings On NFP Data

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Sep 05 2014


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Each time for the past 6 months when NFP data came out, no matter if it was good or bad, USDJPY turned south at the start of the month. Recent move up on USDJPY is very extended, so it can be time for some corrective move for sure. Will NFP be again a catalyst for the move!? We will see, but anyhow, I am not interested in any shorts at this stage, but could considering them next week if drop would be significant. At the same time we should not forget on US yields and the stocks market that is at all time highs.






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