USD/JPY at support ahead of key data

Orlando Gutierrez Learn 2 Trade

The USDJPY sits at a mayor level ahead of key economic data this week.

The FOMC meeting is on Wednesday and we have housing, employment and inflation data from Japan. The DXY is, at the momoent that I'm writing this article, bouncing from a key level. This by no means is a bullish strance on the USD, we remain very bearish actually, but the Yen Futures are also hitting a key level (on the upside).

Isf both markets bounce from these levels expect a bullish impulse in the USDJPY

Author

Orlando Gutierrez

Learn 2 Trade

Orlando has been involved in the financial markets for about 10 years. His focus is Global Macro and he is a strong believer that the best way to trade the currency markets is focusing on the big picture and holding on to big macro trends.

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