USDJPY Crashes Through Trendline to Test 200-Day EMA
On the other hand, if rates around the world continue to drop, that puts a lot less pressure on the Bank of Japan, and therefore it does make a certain amount of sense that we would see the US dollar lose a bit of strength against the yen, as well as multiple other currencies which has been the case during the day.sits just below.
Currently, the expected number of jobs added for last month in the United States is 200,000, so pay close attention to them. Ultimately, the worse the number is, the worse this pair will perform, and of course vice versa. Ultimately, this is a market that I think could give us a bit of a “heads up” as to how the US dollar is going to do overall as it is extraordinarily sensitive to the jobs number and of course the interest rate differential between the 2 currencies. With this, caution is the better part of valor.
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