The Nikkei 225 continue to go higher during the week, as we have completely broken out to the upside. I believe that the USD/JPY pair continues to go
The Nikkei 225 continue to go higher during the week, as we have completely broken out to the upside. I believe that the USD/JPY pair continues to go higher, and these two markets tend to move in the same direction. I also recognize that the 18,500 and level below will be supportive, and that we will more than likely target the ¥20,000 level which is been my longer-term target for quite some time. I have no interest in selling, I believe there is more than enough bullish pressure under need to continue the move higher.
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.
