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Forex pairs in this Article » USD/JPY (Córdoba) - The USD/JPY entered in a consolidation phase during the American session as the Draghi's effect fades.

With the United States on holiday, USD/JPY lost momentum and settled within the 99.90 and the 100.10 levels during the last hours to currently trade around 100.00, where it records a 0.1% gain on the day.

USD/JPY ahead of NFP

"The pair settled in minor positive territory, as broad based USD strength following dovish ECB and BOE rate announcements was somewhat offset by a sharp decline by EUR/JPY", says the team. "Nevertheless, the pair traded back above the key 100.00 level. Friday's NFP release is the main risk for the pair, where a release of much better than expected reading will ensure that the pair continues to trend higher".
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