In the last weeks, USDJPY has been in a steady uptrend, providing very decent returns on each buys taken along the move.
Now, with the NFP release on Friday, the dollar proved weak and might continue falling this week.
If yes DXY loses a lot of momentum against the JPY, we might some continuous fall following the NFP.
But if we see this level hold strong, and proves to be a higher-low, and if yes more buyers are will to sustain this uptrend, then the trend should continue.
I’m personally waiting on buys on this one. Let’s see if this plays out.