USDJPY Technical Analysis – Waiting for a breakout of the range ...Middle East

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USDJPY Technical Analysis – Waiting for a breakout of the range
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Fundamental OverviewThe Yen lost some more ground last Thursday as the US Jobless Claims figures came out better than expected. That helped ease the fears around the US labour market triggered by the weak NFP report and improved the risk sentiment. The market has been slowly paring back the aggressive rate cuts expectations for the Fed as now a 25 bps cut in September is seen as more likely with a total of 98 bps of easing by year-end. On the BoJ side, the market isn’t pricing any more rate hikes for this year as there are just 9 bps of tightening expected by year-end. USDJPY Technical Analysis – Daily TimeframeOn the daily chart, we can see that USDJPY bounced around the 142.00 handle and p

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