Sforex

USDJPY: When does the breakout occur ?. Soon. Payrolls next.

做多
FX:USDJPY   美元/日元
4
The triangle which captures USDJPY must be broken.

Today, ADP report showed strong number signal for potential uptick payrolls on Friday.

Likely BOJ would increase more stimulus in October.

Hence, I think the downside risk for USDJPY is limited.

I think the breakout would occur this week.

Payrolls on Friday will play the key role.


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