The US dollar exploded to the upside on Tuesday against the Japanese yen, and then continued that bullish pressure on Wednesday. We are now clear the 110
The US dollar exploded to the upside on Tuesday against the Japanese yen, and then continued that bullish pressure on Wednesday. We are now clear the 110 handle, and it looks a very likely to continue to see buyers jump back into this market. Ultimately, this is a market that should have plenty of buyers, due to the overreaction to the North Korean missile launch. Pay attention to stock markets around the world, if they continue to go higher, that should help here as the Japanese yen is considered to be a safety currency.
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.
