$USDJPY QE Doughts Spark Bounce

Strong ADP numbers combined with a strong ISM report pushed the USDJPY higher Thursday ahead of the ECB press conference.  All eyes will now be firmly in the NFP report due out in early New York trading.  A weak number could push the cross lower once again as expectations for additional QE would be in the forefront.  If the number beats expectations the JPY crosses in general could continue their respective pushes higher.

Sup   78.15/00

Res   79.15

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