USDJPY bounce today may allow for a good short ahead of NFP

5 sept.

The bounce back in the USDJPY was a gift for bears. Despite the ISM services data, the rest of the data this week does suggest a possible move below the 141.50 and beyond. The FOMC is on pace to cut rates and with the BOJ hell bent on raising rates, this should help the pair lower regardless of what the NFP data looks like tomorrow.