The US dollar had a slightly positive week against the Japanese yen, and quite frankly it was just in time. We are at the bottom of the overall
The US dollar had a slightly positive week against the Japanese yen, and quite frankly it was just in time. We are at the bottom of the overall consolidation, and I think that the buyers could continue to jump into this market. If we can clear the 111 level, I think that the market then goes to the 114 level above. If we break down below the bottom of the weekly candle, then I feel that the market probably goes down to the 105 handle. This is a market that shows significant volatility, but I believe that we will see some clarity soon.
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.
