The dollar dropped in trading yesterday but from a technical perspective, there isn’t much to really work with amid the moves so far this week. US-China tensions were the main story for a few days but yesterday featured some choppiness as I would argue that traders are waiting on the NFP today before laying on the dough.
USD/JPY is a decent mover once again as the big swings continue with the pair now up 0.5% to 133.45 on the day. From the charts, there is a lot of room to maneuver as price action is caught between the 100-day moving average at 130.67 and the 135.00 mark at the moment.