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
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.
