By Fan Yang
September 4, 2010 1:49 AM GMT
The Non Farm Payroll is traditionally watched for clues to the direction of the USD. However, although the USD gained some volatility after the economic releases this morning, it was the Japanese Yen that saw strong moves. The long tails of 4H candles in Japanese Yen crosses reflect this volatility. Let's take a look at the USD/JPY, GBP/JPY, EUR/JPY, AUD/JPY, CAD/JPY, and CHF/JPY. There might be a strong week ahead for the Japanese yen.
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