USD/JPY Forecast September 12, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 11 September 2016 01:34 UTC
The USD/JPY pair had a slightly positive session on Friday, as we continue to grind to the upside. With this being the case, it’s very likely that the market will try to reach towards the 104 level, but given enough time in there will be quite a bit of volatility as well. I believe it’s a market that you can only buy, because quite frankly there is a massive amount of support just below. On top of that, we have the Bank of Japan is willing to work against the value the Japanese yen, so I’m bullish but I also recognize that it’s choppy ahead.

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