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USD/JPY: Finally poised for a breakout?

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 5, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    For USD/JPY traders, it’s been a particularly trying two and a half months. Since late August, the pair has carved out a tight 300-pip range between 118.50 and 121.50, never closing beyond this zone despite central bank decisions on both sides of the Pacific, a series of disappointing US jobs reports, and a raft of other economic data. Already today, traders have received the latest readings on the US labor market from ADP (+182k jobs in October, in-line with the 183k jobs expected) and ISM

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