The USD/JPY pair rose during the session on Wednesday, continuing the move higher from the last few sessions. The pair should continue to be influenced by the headlines coming out of the Federal Reserve, as well as employment numbers next week. The pair will be sensitive to the ability of the Fed to taper off of quantitative easing, as the Bank of Japan is certainly going to continue to ease in various ways going forward. The market has upside bias at the moment, but we still expect choppiness in the short-term as the market has so much noise.
Written by FX Empire