On the first day of the new trader contest there is important data coming up for the US

Usd traders are in anticipation of the data releases today
to see if it will take away the last uncertainties surrounding the direction of the Usd

Economic data is strong from the US and recovery seems in order
and if todays data releases prove to be strong, the bullish direction of the currency will be confirmed

The best trade at the moment seems to be long Usd/Jpy:
the bank of Japan is talking of more easing, as their projected targets have not been met yet
and the strong rejection of the 100 lows in Usd/Jpy signal a stronger move up
and a break of previous weekly highs around 105

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