Advertisement
Advertisement
USD/JPY Forecast August 30, 2017, Technical Analysis
Updated: Aug 30, 2017, 04:15 GMT+00:00
The USD/JPY pair fell rather significantly during the session on Tuesday as the North Koreans launched a missile over the coast of Japan. Ultimately, we
PREMIUM
Read what the experts are trading this weekExclusive analysis from FXEmpire top analysts — curated insights you won't find on the free site.In-depth analysis
Curated reports
Top analysts
Unlock Premium
The USD/JPY pair fell rather significantly during the session on Tuesday as the North Koreans launched a missile over the coast of Japan. Ultimately, we are finding support at the 108.50 region, and therefore I think we are trying to stay in the overall consolidated barrier that we have been in for some time. Because of this, I think that buyers will be attracted to this market. However, if we make a “lower low”, it’s likely that the market then drops down to the 105 handle. Ultimately, this is a market that should continue to be volatile but there is significant support just below.
USD/JPY Video 30.8.17
About the Author
Christopher LewisSenior Analyst
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.
Advertisement