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USD/JPY short-term correction into US NFPs Friday likely

Source: Thomson Reuters Risk of USD/JPY reversion down to 21-DMA, Kijun and/or Cloud top (118.84-56) rising Day's high is just shy of key down TrendLine (120.35) & upper 21-day Bolli band Outside down day so far suggests…

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USD/JPY short-term correction into US NFPs Friday likely
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Source: Thomson Reuters


  • Risk of USD/JPY reversion down to 21-DMA, Kijun and/or Cloud top (118.84-56) rising

  • Day's high is just shy of key down TrendLine (120.35) & upper 21-day Bolli band

  • Outside down day so far suggests short-term correction into US NFPs Friday

  • Honda's jawboning unhelpful, Stocks also stutter as signs of wage growth raise profitability issues

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