USDJPY TESTED SUPPORT

 


NFP pushed the USDJPY  around on Friday.  The cross had drifted higher after better than expected ADP and ISM numbers on Thursday.  the pair appeared to be positioning for a move higher.  Then the floor fell out after disappointing NFP numbers.  The cross tested resistance at .7824 before bouncing a bit into the New York close.  Heading into next week I would expect the cross to hibernate ahead of the FOMC.

Sup   78

Res   79.15

Keane Plan...Other JPY pairs offer better RR.
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