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    BRAND MARKET ANALYSIS AND NEWS USDJPY, update Market News

    USDJPY, 4 Hour

    The U.S. unemployment rate fell to cycle lows of 4.9%, and hourly earnings rose more than expected. This could be view as a short term positive for the USD.

    USDJPY price appears to be in a corrective recovery since sharply dropping from the recent highs near 121.70’s. Stochastic Analysis on the 4 hour chart supports short term long positions with a price target near the 118.15.

    Feb 5 USDJPY SRL

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    John Knobel 

    Senior Currency Strategist

    HotForex

    Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.


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