USDJPY Technical Analysis – All eyes on the US jobless claims today ...Middle East

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USDJPY Technical Analysis – All eyes on the US jobless claims today
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Fundamental OverviewThe Yen lost some ground this week as the market stabilised after the strong rout seen on Monday. Yesterday, we saw some more weakening as BoJ’s Uchida delivered some dovish comments citing the recent volatility in the markets. That helped the global sentiment a bit, but most of the gains were erased soon after. The market is still pricing a 50 bps cut in September and a total of 110 bps of easing by year-end for the Fed, while the chances for another BoJ rate hike remain low with just 7 bps of tightening priced in by year-end.In the American session we will get the latest US Jobless Claims figures. Given the market’s sensitivity to weak releases, if we get bad data, we m

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