The activity of Fx HFT trading algorithms shows that the USDJPY pair is trading sideways without much directional impetus ahead of the release of the US Nonfarm Payrolls report today at 2:30 pm CET.
So far, USDJPY is kept between the two light HFT zones that are located as the following levels for today's session:
- light HFT selling pressure zone located at 109.9 and above.
- light HFT buying pressure zone at 109.51 and below.
Fx traders will be looking for the price to reach one of the zones for potential opportunities and reverse trade setups, which could come on likely the volatility surge on the release of the NFP report.
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