The Dollar-Yen bears to reach the 108.15-20 target and now puts a short-term neutral bias due to the Relative Strength Index (RSI) 3-daily ‘lookback’ indicator sinking into oversold territory.
Eyes will be looking to this week’s U.S. jobless benefits claim after last Thursday fell to the lowest level since March 2020.
The U.S. unemployment claims sank by 193,000 in the week of April 10. Initial jobless claims filed traditionally through the states declined to a seasonally adjusted 576,000 from 769,000 in the prior week.
On the coronavirus front, White House chief medical advisor Dr Anthony Fauci said he expects the U.S. will resume administration of the Johnson & Johnson vaccine.
The Food and Drug Administration asked states last week to temporarily halt using the single-dose vaccine “out of an abundance of caution” after six women developed a rare blood-clotting disorder.
“My estimate is that we will continue to use it in some form,” Fauci said Sunday during an interview.
“I doubt very seriously if they just cancel it. I don’t think that’s going to happen. I do think that there will likely be some sort of warning or restriction or risk assessment.”