The US dollar went sideways against the Japanese yen during the Friday session, as we continue to grind around the 112 level. I believe that if we can break above the top of the range for the day, the market should then go to the 113 handle after that. I believe that the market continues to find buyers, as the Bank of Japan is so soft when it comes to monetary policy. Even if we pulled back from here, I believe that is not until we break down below the 110 level that the potential uptrend is over.
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USD/JPY Forecast July 3, 2017, Technical Analysis
The US dollar went sideways against the Japanese yen during the Friday session, as we continue to grind around the 112 level. I believe that if we can
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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.
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