CandlesofKarma

Can USDJPY Bulls Keep the Party Going ?

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
The Japanese employment report is due for release this week, but other macroeconomic factors, such as the Fed rate meeting minutes and other high-impact volatility events, could easily influence the dollar. The technicals for USDJPY are bullish for now, so traders should avoid fighting the trend until more is known from a macroeconomic standpoint.
Comment:
I do see a short-term bearish opportunity as hovers over the high of the previous week.

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