USDJPY has been on an upward trend for the past month after exiting it's trading range late September.
UJ could retrace to 111.97 before continuing upwards. Given enough bearish momentum, it could also retrace to 111.54.
With the Columbus day in the US, lesser volume will be in the market and not enough to lift it on Monday. We can expect volume to pick up during the week as CPI, Jobless claims and industrial productions are reported.
UJ could retrace to 111.97 before continuing upwards. Given enough bearish momentum, it could also retrace to 111.54.
With the Columbus day in the US, lesser volume will be in the market and not enough to lift it on Monday. We can expect volume to pick up during the week as CPI, Jobless claims and industrial productions are reported.