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BK Big Trade USD/JPY 03.04.2016 +55
3/4 – BK USD/JPY Big Trade – Close now at 113.85
BK USD/JPY Big Trade Order
Place Order to Buy USD/JPY at 113.30
Stop at 111.30
Market is selling dollars post payrolls but we don’t think the news is weak enough to warrant this decline. The drop in wages is disconcerting but the improvement in job growth and steady unemployment rate plus the rise in participation should be enough to keep the Fed hawkish after leaving rates steady next month. 113.20 has been support for USD/JPY for the past 3 days, so we want to be buyers slightly above those levels if it drops to that point.