Outlook for USD/JPY:
Due to the bullish structure of the US dollar against the Japanese yen,
The price of the dollar stopped at 146.50 and could not reach a level higher than 146.50. After a relative return to the 146.56 resistance, USD/JPY is likely to decline to the 143.90 support level in the short term if the dollar shows weakness.
Note 1: ADP non-agricultural employment change statistics, which has decreased by 177 thousand people compared to the forecast.
Note 2: Unemployment claims were better than expected
Note 3: We have to wait for the change of non-agricultural employment and average hourly income m/m.
Due to the bullish structure of the US dollar against the Japanese yen,
The price of the dollar stopped at 146.50 and could not reach a level higher than 146.50. After a relative return to the 146.56 resistance, USD/JPY is likely to decline to the 143.90 support level in the short term if the dollar shows weakness.
Note 1: ADP non-agricultural employment change statistics, which has decreased by 177 thousand people compared to the forecast.
Note 2: Unemployment claims were better than expected
Note 3: We have to wait for the change of non-agricultural employment and average hourly income m/m.
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