The USD/JPY pair had another quiet week as the range bound attitude of this market continues. The market is almost impossible for the long-term trader to
The USD/JPY pair had another quiet week as the range bound attitude of this market continues. The market is almost impossible for the long-term trader to get involved with as the range is between 76.25 and 77.50 or so. This simply doesn’t give the long-term trader a chance to take advantage of the market. However, it should be noted that the Bank of Japan is sitting below, so a long could be taken – if you are willing to wait for a very, very long time in order to see if move in your favor.
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.
