About a month ago, we saw USDJPY being rejected around 105.25 level. This is also in confluence with fibo 38.2% level as seen in this Weekly Chart.
Late last Friday, Federal Reserve Chair, Janet Yellen said that an interest rate hike is likely in coming months.. Dollar rallied hard upon that speech.
Today USDJPY touched 111.44 and a break above this level would see increased acceleration to the upside. Meanwhile US rate hike talk dominates the markets
On Friday, Non Farm Payroll report would be released. Investors would be interested to see if there is any improvement in the labour market and wage growth..
On Friday, Non Farm Payroll report would be released. Investors would be interested to see if there is any improvement in the labour market and wage growth..
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