The USD/JPY currency pair may fall in the medium term. The RSI oscillator is below 50 on the daily and weekly charts. The price has already reached EMA 200 on the weekly chart, and this indicates that the fall will continue. A medium-term target for this pair is below 108.00.
The most important data of the week:
US ADP Employment Change (+185k expectation); ( +271k previous)
US GDP QoQ (+2.6% expectation); ( +3.4% previous)
US NFP (+165k expectation); ( +312k previous)
US Unemployment Rate (3.9% expectation); ( 3.9% previous)