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.
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.
