The USD/JPY pair went back and forth during the course of the day on Friday, as we continue to find quite a bit of volatility in this market. The 122.50
The USD/JPY pair went back and forth during the course of the day on Friday, as we continue to find quite a bit of volatility in this market. The 122.50 level offered enough support to keep the market afloat, and we think that eventually the buyers will come back into this marketplace in take control. We are buyers on supportive candles below, and a break above the top of the range for the session on Friday. We have no interest in selling this market, as the interest-rate differential should continue to favor the US dollar.
USD/JPY Forecast November 16, 2015, Technical Analysis
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.
