USD/JPY fell again this past week, and looks set to test the sub-75 level. The Bank of Japan will not be happy about this development, and could intervene
USD/JPY fell again this past week, and looks set to test the sub-75 level. The Bank of Japan will not be happy about this development, and could intervene as well. The Non-Farm Payroll report out of the US on Friday of this coming week could provide a lift as well if it surprises to the upside. The scenario in this pair is that it is a “buy only” pair at this point, although one has to have a bit of faith in order to do so. It could be a long-term buying opportunity, but at this point in time – it’s not a trade, it’s an investment.
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.
