The USD/JPY pair went back and forth during the day on Wednesday as we continue to show quite a bit of volatility. I believe that sooner or later we
The USD/JPY pair went back and forth during the day on Wednesday as we continue to show quite a bit of volatility. I believe that sooner or later we should see a bit of a pullback in order to find enough support below to continue the longer-term move. I think that the 110 level would be an excellent area to find buyers, but I also recognize that the 112.50 level could be as well. Either way, I have no interest in selling this market as it is overly bullish and should continue to be so.
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.
