We could see some relief in the JPY strength going into next week.
Difficult call with NFP’s casting a shadow today. I’ve opened a long trade in NZDJPY at 77.21 here in Asia.
I’ve marked off some targets on the chart. I always recommend to take some profits on the way – We can always juggle with our original entry and add back as price takes out higher levels after periods of consolidation .
A break of the 77.60 -70 area is the level I am watching for a suggestion that a move to the upside is taking shape. Alternatively wait for a pull back and buy in at lower levels if you like the upside .