USD/JPY eased slightly as the Yen gets a much-needed break from getting pummeled by bears.
USD/JPY eased slightly with US markets on holiday. Thin Japan data brings little of note for the Yen. Friday’s US NFP jobs data dump to cap off the trading week. The pair chalked in a midweek peak a few points away from 162.00 on Wednesday before settling into a middling pattern as markets gear up for Friday’s US Nonfarm Payrolls labor data print.
The 200-day Exponential Moving Average is rising into 151.50, and a downside correction would need to cover significant ground to return bids to bearish chart territory as active trading holds nearly 7% above the long-run moving average. USD/JPY hourly chart USD/JPY daily chart Japanese Yen FAQs What key factors drive the Japanese Yen? The Japanese Yen is one of the world’s most traded currencies.
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