USDJPY - Bullish Falling Wedge - Breakout

6 ก.ย. 2019

We still see USDJPY moving higher after it has broken above the 106.8 resistance level mainly we believe on the back of an easing of tensions in the US/China trade war. However, there could be a significant amount of price action post payrolls and average hourly earnings as weak data could indicate a higher probability of FED rate cuts.