USD/JPY screams toward barriers at 83.00

USD/JPY is one of the big winners so far, surging to 82.82 but unable to take out the Nov 21 high of 82.84 (for now at least).

Beyond that is a barrier at 83.00.

There is some chatter about weakness in the household numbers and a delayed impact from Sandy that will be captured in the revisions.

But there are always people trying to poke holes in NFP. Eventually, the market takes it at face value and that will be good for risk assets.

Author: Adam Button

Adam Button is the managing editor of ForexLive™. He was previously the chief currency strategist at XForex and has also worked with Intermarket Strategy. Adam believes there's an edge in knowing every tidbit of news. He was formerly the head of the markets team at the Canadian Economic Press and is a graduate of Ryerson University. Adam lives in Montreal, follow him on Twitter: @FX_Button.

3 Comments

  1. 83 should now just be a question of days (or even hours), do you agree?

  2. That’s the way I see it.

  3. Wonderful!!!

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