USD/JPY Forecast November 1, 2012, Technical Analysis

The USD/JPY pair continued to bounce around during the session on Wednesday as the market struggles to get above the 80 handle. The pair will more than likely be quiet over the next day or so as the Non-Farm Payroll numbers are due on Friday. This market is particularly sensitive to that number, and as such most traders won’t be bothered getting involved until after that number is released. With this in mind, we are flat of this market, and plan on being that way until Monday at the earliest as the NFP Friday action is normally erratic at best.


Written by FX Empire