USDJPY: consolidation before the publication of the December statistics on the US labor market

March 5, 2015

USDJPY
Buy on a level breakthrough of 119.90 with 120.25 target. Stop loss = 119.55.

Reason for the trading strategy
Today at 13.30 GMT, the weekly labor market report in the US will be published. The reduction in the number of initial unemployment benefit claims in the US from 313 thousand to 293 thousand expected over the past week may support the USD/JPY pair.

USDJPY, H1

Publication source
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