The USD/JPY pair fell hard during the course of the day on Monday as markets shook from all of the volatility. This pair tends to be very sensitive to
The USD/JPY pair fell hard during the course of the day on Monday as markets shook from all of the volatility. This pair tends to be very sensitive to risk appetite in general, and as a result it makes sense we broke down. The fact that we broke down below the 120 level is significant, but we did have a massive bounce at the end of the day. Quite frankly, we feel that this pair is probably best left alone as it will be very volatile and cannot be trusted at the moment.
USD/JPY Forecast August 25, 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.
