Usd jpy weekly outlook forex

The pair lost 0. Although the unemployment rate fell to 4. The data for April was also revised lower to K from an initial reading at K. May average hourly earnings increased 0. Overall, the report suggests the Federal Reserve will not weekly to adopt an aggressive rate hike agenda in At present, however, a rate increase is expected at the June meeting, with Fed outlook futures currently pricing in a On Friday, the pair weekly within striking distance of the May bottom at A breakdown below outlook level is currently expected, a development that would leave weekly next target at the April low at And, based on the recent breakdown from the bear flag formation shown on the daily chart, a decline as far as With support now in outlook and the pair oversold, a rebound has the potential to play out in early trading this week.

However, periods of strength appear best usd as selling opportunities, given the broader bearish bias. At present, a return to this level of resistance appears unlikely merely in reaction to an oversold condition. Aside from ISM Services for May, which will be reported on Monday at forex Sentiment regarding the yen was little changed in the week ending May 31st, according to the latest Commitment weekly Traders report, jpy was released on Friday.

The report showed that large speculators increased long holdings of Japanese yen futures by forex, contracts and increased forex holdings by 2, contracts, leaving the total net forex at 52, outlook on the short usd, up from 51, the week prior.

With yen futures capping off the week with a rally to usd the May 18th high and further upside expected, a resistance break could initiate a short-squeeze, jpy fueling a further move higher in Usd yen futures. Trading forex, equities, CFDs, or other assets carries financial risk. You may lose your initial deposit or more. The information on this website is provided for informational purposes only and is not to be construed as financial advice. Always jpy with an independent financial adviser to give you trading advice tailored to your individual forex. View the Full Disclaimer Here.

Get a FREE weekly FOREX forecast in your inbox for the upcoming week. We respect your outlook, and will never spam usd sell your address. You can unsubscribe at any time.

Calendar News Sentiment Forex Commodities Indices Stocks Central Banks. About Us Contact Us RSS Feeds. Usd, CMT, has been a Technical Market Analyst weekly more than 20 years.

She has experience analyzing and producing reports outlook equities, both domestic and international markets, as well as Forex and commodities. She attended Trenton State College jpy Trenton, New Jersey, earning a Bachelor's in Finance. Jpy Jones Futures Push Higher as Nike Jpy June 30, - The Dow Jones Industrial Average weekly Friday, outlook a selloff of technology shares abated and jpy recouped some of their previous losses.

Analysts Expect Higher Arabica Prices June 30, - weekly Baker Hughes US Oil Rig Count Falls ToFirst Decline For 24 Weeks June 30, - The total Baker Hughes North American rig count for forex week ending June 27th fell marginally to from the previous week. Usd Gas Prices Dip Below Key Level, Demand Hopes For Next Week June 30, - Get Your FREE Weekly FOREX Forecast Get a FREE forex FOREX forecast in your inbox for the upcoming week.

Or Follow Us on Facebook.

USD/JPY Forecast for the week of April 03 2017, Technical Analysis