USDJPY - Long - Post Payrolls
2019-11-02 00:17:55
After dropping below the support level at 108.528 due to US/China trade headlines USD/JPY has bounced on the back of a stronger than expected payroll number at 128K vs 85K. Therefore we expect the recent uptrend to continue in particular due to the recent risk on sentiment highlighted by the recent uplift in equity markets and data dependent rate cuts.