The USD/JPY pair went back and forth during the course of the day on Thursday, as we continue to see strength in the US dollar against the Japanese yen.
The USD/JPY pair went back and forth during the course of the day on Thursday, as we continue to see strength in the US dollar against the Japanese yen. Ultimately, the market looks as if it is going to continue to go higher, probably heading to the 110 level, but at the end of the day it’s very unlikely that it’s going to be an easy move. After all, there is a lot of noise between here and there, so we are hesitant to jump in here, but would look at pullbacks as potential buying opportunities.
USD/JPY Forecast October 31, 2014, 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.
