The USDJPY sits at a mayor level ahead of key economic data this week.
The FOMC meeting is on Wednesday and we have housing, employment and inflation data from Japan. The DXY is, at the momoent that I'm writing this article, bouncing from a key level. This by no means is a bullish strance on the USD, we remain very bearish actually, but the Yen Futures are also hitting a key level (on the upside).
Isf both markets bounce from these levels expect a bullish impulse in the USDJPY
Reprinted from FXStreet，the copyright all reserved by the original author.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now