USD/JPY Shows Strength As The Move Up Continues

The USD/JPY is making a bounce-off in the POC zone after the positive CPI and PPI numbers.

The NFP result was not that bad. 6.1 % unemployment is close to 5 % unemployment which is full employment. I have already stated that after the NFP the USD/JPY will go up. It has happened and it is happening. I expect upside continuation from the POC zone 109.20-30. Even if the market drops to the 109.00 zone, the USD/JPY should bounce up. The final target is 109.96.

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