USDJPY: Tankan Survey+ Payrolls : Breakthrough the denfence line

Last Friday, I saw a strong effort of traders to try beat the defence line around 120.50 level.

This is indeed a strong level which hold USDJPY below it for 1 month.

Although USDJPY still hold below the defence line, but I hope USDJPY could make a breakthrough it next week.

Next week, the main focus relating to USDJPY are:

- Tankan Survey
- Payrolls.

Tankan Survey could be negative cause of impact from China slowdown

And if payrolls is positive,we could see a breakthrough.