USDJPY: Tankan Survey+ Payrolls : Breakthrough the denfence line
Last Friday, I saw a strong effort of traders to try beat the defence line around 120.50 level.
This is indeed a strong level which hold USDJPY below it for 1 month.
Although USDJPY still hold below the defence line, but I hope USDJPY could make a breakthrough it next week.
Next week, the main focus relating to USDJPY are:
- Tankan Survey
- Payrolls.
Tankan Survey could be negative cause of impact from China slowdown
And if payrolls is positive,we could see a breakthrough.
This is indeed a strong level which hold USDJPY below it for 1 month.
Although USDJPY still hold below the defence line, but I hope USDJPY could make a breakthrough it next week.
Next week, the main focus relating to USDJPY are:
- Tankan Survey
- Payrolls.
Tankan Survey could be negative cause of impact from China slowdown
And if payrolls is positive,we could see a breakthrough.