USDJPY rebound from 102

USDJPY rebound from 102

The USD strengthened against the Japanese Yen and rebound from 102 back to 102.6. Key catalyst for the rebound of USD was the news of Russian troops will be leaving away the Ukraine border and returning back to their military base.  Accordingly, USD have benefited from the news.   

This week is a very busy week for the U.S. dollar with first quarter GDP, NFP and FOMC and  the Federal Reserve is expected to taper asset purchases by another $10 billion this month.

USDJPY is likely to get more support from the coming reports with data expected to be good.

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