The USD/JPY is making a bounce off in the POC zone after the positive CPI and PPI numbers.
The NFP result was not that bad. 6.1 % unemployment is close to 5 % unemployment which is full employment. I have already stated that after the NFP the USD/JPY will go up. It has happened and it is happening. I expect upside continuation from the POC zone 109.20-30. Even if the market drops to the 109.00 zone, the USD/JPY should bounce up. Final target is 109.96.
The Analysis has been done with the Black Widow system.