The USD/JPY pair is traditionally where most currency traders get involved and express an opinion on the jobs number. The better the jobs number, the better the USD/JPY pair tends to behave. I believe that breaking above the 112 level was significant, so I prefer the upside and I believe that a break above the 113 level will send this market looking for the 115 level which is the top of the previous consolidation area. That is the longer-term plans far as I can see, but I also recognize that the noise during the day could make the trading environment rather difficult. If you can hang on to the volatility, I think that you can take comfort in the longer-term move, but also recognize that things may be uncomfortable for a while during the Friday session. Overall, I believe that I will be buying this pair more than once on the way towards 115.
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