Ahead of Japanese GDP data next , technically USD /JPY looks like it may be making a possible “reverse head and shoulders” on the daily chart. Next week there is some potential for volatility on the pair with Japan preliminary GDP due out at 6:50 pm EDT on Sunday February 14th, followed by a U.S. [...]
Tag Archives: USD/JPY
USD/JPY Ahead of Non-Farm Payrolls Due out Friday 8:30 A.M. EDT
USD/JPY was offered today, after it came to light that many hedge funds and Asian accounts sold off their European government bond exposure.  EUR/JPY sold off this morning with most saying that this added momentum to the big sell-off earlier today. Looks like stops were hit under .9000 which was just under a significant support [...]
