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Forex technical analysis: USDJPY trades at new session highs, but

Discussion in 'Technical Analysis' started by ForexLive, Aug 31, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Testing KEY resistance at 103.50 area The USDJPY is trading at new session highs as dollar buying is gaining traction in early NY trading. The ADP came in as expected at 177K (prior month revised to 194K from 179K). The prior two months for ADP underestimated the NFP numbers. Perhaps the market is anticipating the same thing come Friday's employment report? A number above 200K on Friday (barring any surprises with the unemployment rate or hourly earnings), will have the market thinking something in September MAY be forthcoming. Of course, we have been down that road before.

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