USDJPY: Anticipating ADP and NFP DataUSDJPY: Anticipating ADP and NFP Data
USDJPY has completed a bullish wedge pattern, and the price is rising again.
It seems the market initially overreacted to the BOJ's comments about a rate hike, pushing the price down too many pips too quickly.
However, it’s worth noting that the market may remember the BOJ's inconsistency in their statements and their frequent failure to keep promises.
This week, the focus shifts to the ADP and NFP data, which could potentially boost the US dollar.
You may find more details in the chart!
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