The USD/JPY pair broke down during the course of the week, slicing through the 105 level. Because of this, it now looks as if we’re going to reach down to
The USD/JPY pair broke down during the course of the week, slicing through the 105 level. Because of this, it now looks as if we’re going to reach down to the 100 level, an area that offers quite a bit of support in my estimation and of course the real threat of the Bank of Japan getting involved. With this, I believe that longer-term trades are almost impossible to deal with at this point in time so therefore I will look to shorter-term charts to get involved in this particular market.
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.
