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.
Keane Plan...Other JPY pairs offer better RR.
To Access Yen Talk, Currency Watch Video, Current Trade Setups and Private Twitter Click HERE
Non subscribers can have a 1-week trial HERE