KQMarkets

USDJPY - Long Below Key Resistance

Long
FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
USDJPY has risen significantly since non payrolls earlier this month due to rising US yields and the current risk on environment with equities reaching time highs. We anticipate further upside for the currency pair if prices consolidate above resistance at 109.878 as we await key data this week including ISM manufacturing and non farm payrolls.

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