The USD/JPY pair might rise in the medium-long term due to the US and Japan expected economic data. Japan’s central bank chief repeatedly added that the Bank of Japan would not stop buying government bonds. On the other hand, Trump’s tax plan gives a boost to the US economy.
On Wednesday, will be expected important data from the USA: US ADP (expected +200k; +234k previously) and, on Thursday, data from Japan: GDP QoQ ( +0.2% expected; +0.1% previously).
US unemployment rate (expected +4%; +4.1% previously) and US NFP data release (+195k expected; +196k previously) will be waiting on Friday. BOJ will release the rate decision (expected: unchanged at -0.1%).