Continue buying USDJPYDear traders! USD/JPY jumped more than half a percent within minutes after the release of US Nonfarm Payrolls (NFP) data on Friday and edged higher to 156.35 after the US Dollar (USD) ) was strong thanks to better-than-expected results, showing that investors' sentiment is very positive.
By maintaining this high level, Conan optimistically assesses that in the coming time, the upward trend of this currency pair seems to open up certain opportunities. The break of the resistance area and confirmation of 156.35 as new support creates a medium to long-term buying scenario up to the 158.50 level.