The EUR/JPY pair rally during the day on Thursday, showing signs of life. I still think there is a significant amount of noise above, so pullbacks will
The EUR/JPY pair rally during the day on Thursday, showing signs of life. I still think there is a significant amount of noise above, so pullbacks will more than likely be buying opportunities more than anything else. I don’t think that selling is going to be easy to do at the moment, and I believe that there is a “floor” at the 120-handle underneath. Ultimately, I believe that the Japanese yen continues to sell off, and that the pair should follow the rest of the young related pairs to the upside going forward.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
