We look forward to reducing the USD / JPY on expectations Nonfarm Payrolls

Analytics from Forex Analitik

The USD / JPY corrected up to the end of last week
122.89, while maintaining the relevance of the figures "double top" on
H4.

The main driving force behind the fundamental character within
throughout the upcoming week will be, of course, Nonfarm Payrols (change in the number of people employed in
US non-farm sector of the economy) on Friday. It is expected to yield
value 200K vs. 271K last month. In case the output data
According to the forecast for reversals or serious correction in senior
timeframes, and not only in USD / JPY, but also in almost all the major currency pairs.

In addition to Nonfarm Payrols expected output and other data that could move a couple
down:

The volume of industrial
Japan's production of 1.9% against 1.1% in October.

retail
sales in Japan 0.8% vs. -0.2% in October.

Capacity building
new homes in Japan, 2.9% versus 2.6% in October.

PMI
activity (PMI) in Chicago 54.0 against 56.2 in October.

annual GDP
Switzerland 0.9% against 1.2% last year.

retail
Sales in Switzerland, 0.4% vs. 0.2%

PMI
PMI activity Shvetsarii from SVME 51.0 against 50.7 in October.

Index
Consumer price index (CPI) in Europe of 0.3% against 0.1% in October.

The number of primary
applications for benefits in the US unemployment
267K vs. 260K.

PMI
activity in the non-manufacturing sector (PMI)
by ISM 58.0 against 59.1 in October.

confidence
home Japan holdings 41.8 against 41.5 in October.

change number
employed in the private non-farm US 190K vs. 268K sector.

In general, predicted a lot of data in favor of this week
reducing the USD / JPY.

In fairness, I note that some expected
data that can provoke rebound, for example - Change of
US non-farm employment in the sector by ADP (the so-called
Preliminary Nonfarm) on Wednesday, and a few others.

Proceeding from the above forward to still practicing double
peaks in a 4-hour interval with 122.27 120.84 purposes, with the possible rebound in
Wednesday, perhaps to the level of 123.14, but consider buying risky.

In the alternative, if a lot of important data will come from
opposite values and the price breaks the resistance may grow to 123.14
123.76.

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