USDJPY - Still Long - Upside Potential

2019-11-06 22:47:38

USDJPY has continued it's positive momentum from the stronger than expected payroll number Friday at 128K vs 85K. This has seen the currency pair break through resistance at 109.5 and we see further upside potential in particular due to the current positive sentiment due to optimism surrounding US and China trade talks and the subsequent rally in stocks.