USD/JPY had an uneventful week, posting slight losses. The pair closed slightly below the 120 level, at 119.62. There are nine events this week. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY.
The mixed NFP report in the US helped the yen hold its own against the US dollar last week. Japanese markets were closed for most of last week, and there were only a couple of Japanese releases.
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