The jobs report is already causing tension in the markets. We previewed the event with EUR/USD. Here is a view on the impact on USD/JPY: Here is their view, courtesy of eFXnews: Barclays Capital FX Strategy Research argues that the path of USD/JPY is likely to depend on the durability of the ongoing global cyclical recovery and whether foreign central banks fulfill their hawkish shift in communication by action. We continue to look for medium-term JPY appreciation, given the extended undervaluation of the JPY despite Japan’s closed output gap, large current account surplus, and Japanese investors turning more cautious towards foreign investment. Heading into the US jobs report on Friday, Barclays argues that it will unlikely change the path for Fed policy and the overall USD trend. “We and the consensus expect July NFP to have increased 175k with wages growing 0.3% m/m,” Barclays projects. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Daily Look share Read Next AUD/USD recovers towards 0.80 – 3 reasons Yohay Elam 6 years The jobs report is already causing tension in the markets. We previewed the event with EUR/USD. Here is a view on the impact on USD/JPY: Here is their view, courtesy of eFXnews: Barclays Capital FX Strategy Research argues that the path of USD/JPY is likely to depend on the durability of the ongoing global cyclical recovery and whether foreign central banks fulfill their hawkish shift in communication by action. We continue to look for medium-term JPY appreciation, given the extended undervaluation of the JPY despite Japan's closed output gap, large current account surplus, and Japanese investors turning more cautious towards… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
