USDJPY has fallen below 139.4 after failing to turn a pullback move into a bullish reversal. USDJPY may continue to decline to the daily support target as the US labor market could bear the consequences of higher price pressures.
Next week is expected to be volatile for a range of USD pairs with a raft of high-importance data. A combination of consumer confidence, the latest FOMC rate decision, the first look at Q2 growth, and the Fed’s favored inflation reading, Core PCE, will provide a range of trading opportunities in the week ahead. If the released data is good, the market direction will tend to be bullish for USD.
USDJPY MONTHLY
Next week is expected to be volatile for a range of USD pairs with a raft of high-importance data. A combination of consumer confidence, the latest FOMC rate decision, the first look at Q2 growth, and the Fed’s favored inflation reading, Core PCE, will provide a range of trading opportunities in the week ahead. If the released data is good, the market direction will tend to be bullish for USD.
USDJPY MONTHLY
