The USDJPY pair surged again and conquered the 116 threshold for the first time since December 2016. At the time of writing, the pair was up nearly 1%, trading at around 116.30. Additionally, options pricing suggests there may be more gains for the dollar in a rally against the yen that’s already taken it to the most substantial level in more than five years. Later today, the December ISM manufacturing survey is due, showing the early impact of the Omicron variant on supply chains, while the JOLTS data will show the balance between job openings and unemployment numbers. The initial support is now seen at previous ... (full story)