The Japanese Leading Index and Japanese Coincident Index continue to point towards a contraction in economic activity, but forex traders are focused more on the safe haven status of the Japanese Yen than the economic prospects of the country. This has placed the USDJPY on a further downside trajectory after the quick reversal from last week’s flash crash. How will today’s US initial jobless claims data impact price action?
Will the USDJPY slide further or will bulls get a reason to halt the decline? Get your trading set-up now at PaxForex Daily Fundamental Analysis and join our growing group of profitable forex traders.
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