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What will USD do the coming week

What will UsdJpy do and where will the pair head this week
Although it looks like the pair is weak, the 1.11 handle seems protected somehow
There has been talk in the markets of Japan intervention if the pair falls too low
This has caused traders to buy dips
Realistically the bank of Japan will not intervene though until things get really bad
If UsdJpy heads towards 105, or even 100
The buying now is just market panic
Still, I believe that UsdJpy will make a move up short-term before more downti…
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Strange reaction on the markets after strong NFP data

After the strong NFP data release for the US on Friday we saw Usd/Jpy shoot up at first
then what looked like a retracement - but the pair would not hold above resistance at 102.7,
as a matter of fact it gave back all gains rather quickly
It would seem that at the moment traders confidence in the greenback is low,
and it looks like the currency is weak at the moment -
or is something else afoot?
We also see a possible high in place at 1.692 in Gbp/Usd
and Eur/Usd seems unwilling to break back ab…
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Daytrader21 avatar

I wrote an blog post right before NFP announcement resting my case for further dollar weakness no matter how good the job numbers would be. I've been looking recently through some data which suggest that US capital flow on the 3 month basis has turned negative and until capital will shift we can expect further dollar weakness.

AdamFx42 avatar

That sounds about right - I see Usd/Jpy down to 100 before too long

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