USD/JPY Forecast April 6, 2015, Technical Analysis

The USD/JPY pair fell during the session on Friday after a less than stellar jobs number out of the United States. Having said that though, this is a market that has plenty of support below, especially near the 118 handle. We are simply waiting for some type of supportive candle in order to continue buying, as we believe that the interest-rate differential will continue to pushes market higher over the longer term. With this, we are going to be patient, but we will certainly buy this market once we get the opportunity.

 

USD/JPY Forecast April 6, 2015, Technical Analysis