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Retreat in USD/JPY: a real reversal or just a correction?

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 3, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Outlook: The news today in the US includes the ADP forecast of private sector payrolls. Reuters reports the forecast of the forecast is 195,000 jobs in Jan, less than the whopping 257,000 in Dec but not a bad number. We also get the EIA oil inventory number today after the API estimated a build of 3.8 million barrels that was at least partly to blame for the drop in oil prices yesterday. Finally, the non-manufacturing ISM index is likely a dip to 55.1 in Jan from 55.3 in Decem-ber. We are

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