- USD/JPY rallies following soft Canadian jobs data and surge in US Treasury bond yields.
- Bullish engulfing candlestick pattern forms a base for potential upside.
- Technical indicators suggest buying momentum as USD/JPY challenges the 140.00 resistance level.
USD/JPY bounced off weekly lows, and the 20-day Exponential Moving Average (EMA) confluence on Friday after soft jobs data from Canada spurred a jump in US Treasury bond yields. The USD/JPY is trading at 139.37, up 0.32%.
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