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USD/JPY Forecast for the Week of December 19, 2011

By:
Christopher Lewis
Updated: Jan 1, 2011, 00:00 UTC

USD/JPY had another fairly quiet week this previous week as traders simply continue to play ping pong in a very tight range. The Bank of Japan is waiting

USD/JPY Forecast for the Week of December 19, 2011

USD/JPY had another fairly quiet week this previous week as traders simply continue to play ping pong in a very tight range. The Bank of Japan is waiting below near the 75 handle, and the 80 level is waiting above. Until one of these levels gives way, taking a long-term trade will be almost impossible as the market is for scalpers at the moment.

USD/JPY Forecast for the Week of December 19, 2011
USD/JPY Forecast for the Week of December 19, 2011

About the Author

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.

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