EURJPY plunged yesterday and consolidated near the previous low. Even though the drop still draws a lower high. Today we are waiting for CB Consumer Confidence news.
EURJPY may still move in a range, after going up and down, now the price has broken the Bollinger band squeeze at M15. There is no high impact news related to the Euro and the Japanese yen today.
EURJPY rose drawing a higher high indicating an uptrend, today's news impact for USD which may affect the overall market, GDP, and Unemployment claims.
The Japanese Yen may still be under pressure, this currency is weakening against the euro and USD even though the BOJ maintains interest rates at 0.25%, today the market is waiting for PCE data which influences the Fed to formulate interest rate policy.
Today we are waiting for ADP Non-Farm Employment Change data for USD, forecast at 124k from the previous revision of 99k. USDCHF Still in a range in a narrow market space.
Yesterday's ADP report provided support for USD strengthening. Pairs such as EURUSD, and GBPUSD go down, while USDJPY goes up, USDCHF goes up. Today we are waiting for CPI data and US Unemployment Claims.
Today we are waiting for US Data, Non-Farm Employment Change for USD, forecast at 147k from the previous 142k. The Unemployment Rate for USD is forecast at 4.2%, the same as the previous revision of 4.2%.
Monday's market is predicted to be sluggish because several banks in Australia and China are closed. No high impact news will be released. Wait and see.
Today there is no high-impact news, but perhaps AUDUSD is quite attractive to trade following the extension of its decline. News Monetary Policy Meeting Minutes are of concern.
