The USD/JPY is testing flat heading into Friday's US NFP report. Japanese markets dark for a long weekend, Asia market session to see muted volumes. US NFP to be closely watched following a dovish Fed in the mid-week. Volumes in the Asia market session are expected to be reduced with Japanese exchanges and banks shuttered in observance of Culture Day.
Forex Today: Dollar weakens further ahead of NFP Celebrations may prove to be premature, with money markets currently pricing in the first rate cut from the Fed sometime in the midpoint of 2024. USD/JPY Technical Outlook Despite the mid-week's Fed-fueled USD decline, the USD/JPY remains firmly well-bid in the long-term, trading well above moving averages and hasn't made contact with the 50-day Simple Moving Average currently lifting into the 149.00 handle.
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US Dollar Forecast: USD/JPY Slips but AUD/USD Breaks Out After Fed, NFP AheadThis article examines USD/JPY and AUD/USD from a fundamental and technical point of view, analyzing the key drivers that could guide the markets and that traders should focus on in the near term.
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