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.
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.
