NFP Is Released On Friday! FX: What Level Does USD/JPY Eye? What Made US Dollar To Japanese Yen Rise?
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USD/JPY Eyes Above 136.00, Focus on Fed Minutes, US NFP
USD/JPY could be on track to go beyond 136.00, a level last seen at the end of June As the US dollar is being supported by firmer Treasury yields after Monday's US holiday
In Japan, Japanese policymakers' rejection of rate hikes contributed to the difference in stance between the Fed and the Bank of Japan (BOJ), and resulted in monetary policy divergence which drove up US Treasury yields, and caused USD/JPY price to increase.
Major attention this week will be towards US NFP on Friday.