View full page at forexfactory.com

 

USD/JPY sticks to modest intraday gains, remains below 143.00 as traders await US NFP

From fxstreet.com

The USD/JPY pair attracts some buying following the previous day's sharp retracement slide from the vicinity of the 144.00 mark, or a four-week high and climbs back closer to the 143.00 mark during the Asian session on Friday. The uptick, however, lacks bullish conviction as traders keenly await the release of the closely-watched US monthly employment details before placing fresh directional bets. Heading into the key event risk, a big divergence in the monetary policy stance adopted by the Bank of Japan (BoJ) and the Federal Reserve (Fed) is seen acting as a tailwind for USD/JPY pair. In fact, BoJ Governor Kazuo ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis