The USD/JPY pair rose during the session on Tuesday, showing that the market continues to have a little bit of a bid in it at lower levels. The question
The USD/JPY pair rose during the session on Tuesday, showing that the market continues to have a little bit of a bid in it at lower levels. The question of course then becomes whether or not the US dollar can continue to go higher against the Japanese yen, which of course the Bank of Japan will be cheering on. We see quite a bit of resistance above here, so quite frankly we are a bit pressed to go along at this point. We think pullbacks should offer buying opportunities on supportive actions though.
USD/JPY Forecast October 30, 2013, 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.
