Sponsors

USD/JPY Forecast September 17, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 17 September 2015 06:16 UTC

The USD/JPY pair broke higher during the course of the day on Wednesday, bouncing off of the 120 handle. However, we are still well within consolidation and of course are waiting on the FOMC’s Statement in order to figure out what the next move for the Federal Reserve is. After all, if they continue to raise interest rates, it should send this market higher. We believe pullbacks should be buying opportunities, as the market seems to be well supported just below. We have notched in selling as we believe the Bank of Japan will get involved in this pair falls too far.

 

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.

Sponsors

Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.