USD/JPY bulls in control ahead of key week

By FXStreet The greenback gained more ground late last week ahead of another key, but slightly busier calendar for the week ahead. USD/JPY has recovered from 110.66 lows scored on 17th March and having made a fresh high at 113.37 with a combination of both GDP positive data in the US and less positive data in Japan’s CPI’s reported last week.

FX G10 key events: a rich data week – Nomura

http://www.fxstreet.com/analysis/jpy-usd-forecast/
For the US, despite a disappointing run in durable goods earlier in the week, there was an upward revision of the US GDP figures for Q4 2015, propelling the greenback forward across the board and underpinning USD/JPY’s upside.

USD/JPY: a fade within a bearish bias – Deutsche

However, analysts at Deutsche Bank explained that ticks higher are a sell rather than buying tick slower within the familiar ranges, as the Yen trades with a bullish bias.

For the week ahead, in the US, PCE arrives first ahead of the US the ISM manufacturing index. Eyes will be focused on whether it can break out of contractionary territory in March. Then, the showdown comes in nonfarm payrolls. Analysts at TD Securities explained that these should slow significantly due to a historical …read more

Source:: FX Street