The USD/JPY pair rallied slightly during the course of the session on Monday, but as you can see is still struggling a little bit. However, I do believe
The USD/JPY pair rallied slightly during the course of the session on Monday, but as you can see is still struggling a little bit. However, I do believe that eventually the US dollar continues to grind higher and perhaps reach towards the 105 level. However, expect quite a bit of volatility in it doesn’t look like were quite ready to go higher yet. I’m looking for short-term pullbacks in order to start buying as this market seems to have a bit of a “floor” in the form of the 100 handle. With this, the market should continue to offer buying.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
