Sforex
Long

USDJPY: When does the breakout occur ?. Soon. Payrolls next.

FX:USDJPY   U.S. Dollar/Japanese Yen
222 0 4
The triangle which captures USDJPY             must be broken.

Today, ADP report showed strong number signal for potential uptick payrolls on Friday.

Likely BOJ would increase more stimulus in October.

Hence, I think the downside risk for USDJPY             is limited.

I think the breakout would occur this week.

Payrolls on Friday will play the key role.

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