USDJPY - Long Upside Potential

2019-12-11 00:01:20

USDJPY has been resilient over the past few trading session despite the US being expected to impose tariffs on China on the 15th Dec as non farm payrolls came in at 266K vs 186K. Therefore we believe there is significant upside potential in particular if the currency pair consolidates above the resistance level at 109.261.