The Buck’s attempts to appreciate against the Yen at the end of the previous week were in vain, as downbeat US NFP data caused the given pair to erase all of that week’s gains. Nevertheless, the Greenback appears to be reluctant to fall under the 110.50 mark, as it remained above this handle ever since it was retaken back in April. Technical indicators, on the other hand, suggest the USD/JPY is to continue slumping, but that might not be the case due to the breach of the three-week down-trend. Furthermore, the US Dollar is also supported by another trend-line circa 110.30, which should limit the possible losses and provide sufficient impetus for a future recovery.
