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USD/JPY Signal - US Average Hourly Earnings - 06 Mar 2020

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Signal Details
Entry Price: 
105.50
Take Profit: 
106.50
Stop Loss: 
105.00
Direction: 
Buy
Result: 
Void
How we trade
Average: 4.6 (9 votes)

USDJPY is trading below 105.50 ahead of the US jobs data. The U.S. dollar is losing ground amid weakened US bond yields. The Fed rate cut speculations also weight on the greenback. We may see USDJPY correction if the Nonfarm payrolls and the Hourly Earnings surprise.

usdjpy signal 06 mar 2020

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.