Japanese Yen continues its recovery into the weekend on potential for divergent monetary policy. BoJ has started normalizing policy as other central banks are close to reaching the end of their tightening cycles. USD/JPY declines sharply after Nonfarm Payrolls miss brings into doubt further Fed rate hikes.
Japanese Yen technical analysis: USD/JPY short-term uptrend at risk of reversing USD/JPY – the amount of Yen that one Dollar buys – sank after the release of lackluster Nonfarm Payrolls led to mass ditching of the Dollar. From a short-term perspective the decline brings the pair perilously close to a trend reversal. A break below the 148.
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