Still further gains to yet further highs for 2019 by global equity markets over the past 24 hours with anticipation of a positive outcome from the US-Sino trade negotiations.
The overall “risk on” tone across global capital markets has also impacted Forex markets, with the Australian Dollar rebounding firmly this week, whilst the Japanese Yen, usually seen as a “safe haven” currency, losing ground against most other major currencies.
The USDJPY Forex rate is often a significant mover through the US Employment report, which is due for release today.
USDJPY has been grinding higher all week and is poised to make a more bullish technical signal.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/usdpy-poised-for-a-bull-signal-into-us-employment-report/