The USD/JPY pair broke higher during the course of the session on Tuesday, clearing the 125 handle. Because of this, it appears that the market is going
The USD/JPY pair broke higher during the course of the session on Tuesday, clearing the 125 handle. Because of this, it appears that the market is going to continue to go higher over the longer term again. With this, we believe that the market will eventually offer buying opportunities when we pullback, as the market should continue to favor the US dollar based upon the Federal Reserve raising rates this year, while the Bank of Japan continues to liquefy the markets and increase quantitative easing going into the future. We have noticed whatsoever in selling this market.
USD/JPY Forecast August 12, 2015, Technical Analysis
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.
