SocGen Bank's forecast for USDJPY

6 Apr 2018 01:16 PM

USD/JPY may not get much upside if US payrolls data are within forecast. As investors turn their attention towards the US summit scheduled for next week, which will be a clearer view of US business in the future.

About NFP data, Bank experts expect that today's data will not be surprising for the markets, which will support the stability of the USD JPY near 107.00 levels. If the US-Japan trade tension continues to rise, the problem cannot be resolved immediately, so we may see USD JPY at 105.00.

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