Trading news

USD/JPY waiting for NFP momentum

Whilst risk-off has prevailed in Equities this week ahead of the Italian Referendum, we are drawn to the NFP today to give us some insights into whether the US Fed will hike sooner rather than later. Despite this risk-off, the JPY has been weakening. Given ADP NFP signalling over 216k jobs added this month, a strong NFP above 200k may give the USD bulls another kick and help USD/JPY move forward to 115. But it won’t be that easy in the case of bad NFP and Unemployment result. On a good NFP the USD/JPY might spike to 114.50 and 115.00. Bad NFP should tank the pair down to 113.35-00 POC ( L5, Bullish order blocks, ascending trendline). We need to observe the reaction then. 113.00 zone is the strong zone which might spike to pair even on a bad result.

However, if the result comes a whole lot worse than expected (<100k) 112.50-00 can't be ruled out.

Friday, 02 Dec, 2016 / 1:51

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news


Dollar shines after Clarida, BoE in the spotlight

  Dollar climbs as Clarida beats the rate hike drums, ISM hits [...]

Posted on Thursday, 05 Aug, 2021 / 9:01 under


General Motors reported a surge in revenues for the second quarter. Strong [...]

Posted on Thursday, 05 Aug, 2021 / 7:27 under

What Are The Chances Of A Surprise From The BOE?

The BOE was once one of the more “hawkish” of the major central [...]

Posted on Wednesday, 04 Aug, 2021 / 12:53 under