On Wednesday, the USD/JPY pair had a slight negative impact and the humble downtrend from the fresh YTD highs expanded over the night.
Meanwhile, one of the major factors lengthening support and limiting broader losses, at least for this time, has been the prevalent US dollar sentiment, supported by the latest rally of US Treasury bond yields.
Meantime, since the start of this week, the latest two way price action within a wider trading range shows clearly that participants wait for a new impetus before pacing for the near-term course of the pair.
Going forward, momentum will be explored in the US ADP report today on privately-owned employment details, with the main focus staying on the official employment report on Friday-commonly called the NFP.
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