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.
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.
