EXNESS - Analytics

    EXNESS

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    USDJPY: under pressure before publication of the statistics on the US labor market

    Sell on a level breakthrough of 116.51 with 115.96 target. Stop loss = 117.01.

    Reason for the trading strategy

    Market participants expect that the US economy will create only 189 thousand new jobs in January 2016 and that will be less than the value of 292 thousand in December. Meanwhile, if a 0.3% (m/m) increase in the US average hourly wage is fixed in January, it will limit the decline of the USDJPY pair.           

    USDJPY, H1


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