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USD/JPY Long to Y103 post NFP on US Dollar/10yr Yield Strength

FX:USDJPY   U.S. Dollar / Japanese Yen
Price Action post NFP suggest the USD/JPY still has some topside catch up to play with the US 10 yr Treasury Yield and the gaining USD Dollar Index .

With Stocks still strong and carry trade back on the cards, the USD/JPY should do well from AUD/JPY and GBP/JPY buying.

EUR/USD selling is still a real possibility with the USD strength from this also supporting. A EUR/USD reversal however is see helping EUR/JPY more than hurting USD/JPY directly.

Great Risk Reward Here 12 pips for 38 pip gain.

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