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
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.
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.
