Iridium

USDJPY BREAKS KEY SUPPORT LEVELS

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
0
USDJPY BROKE MANY KEY TECHNICALS THROUGH LONDON TRADING LAST NITE. THE BOE LEFT RATES UNCHANGED AT .50% WHILE KEEPING ITS ASSET PURCHASES STEADY AS EXPECTED. USDJPY BROKE A BEARISH HEAD AND SHOLDERS THROUGH LONDON TRADING AND ALSO BROKE THROUGH THE PARALLEL TREND LINE. ALL THAT BEING SAID UNEMPLOYMENT DATA IS DUE TODAY AT 8:30, THE MAIN QUESTION AT HAND HERE AS FED CHAIR YELLEN HAS REITERATED IS LABOR FORCE PARTICIPATION IE (LABOR SLACK). THE LABOR FORCE PARTICIPATION TREND HAS BEEN ON THE DECLINE SO I DONT SEE ANY REVERSAL ANYTIME SOON. LOOK FOR THE YEN TO CONTINUE ITS SLID THROUGH NY TRADING. data.bls.gov/pdq/SurveyOutputServlet CHART FOR LABOR PARTICIPATION
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