USD/JPY pushed above the 125 line for the first time since June, but then retracted and was unchanged at the end of the week. This week has six events. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY.
In the US, NFP was slightly below expectations, leaving analysts divided on the timing of a Fed rate hike. There were no key numbers out of Japan and the BOJ policy statement didn’t show any change in the Bank’s extreme easing stance.
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