USD/JPY Forecast September 30, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 30 September 2016 07:19 UTC
The USD/JPY pair rallied during the course of the day on Thursday, testing the 101.75 handle. There is a significant amount of noise just above though, so I feel sooner or later the sellers will probably return. I prefer to buy this pair on dips, so I’m not going to short as I believe that the Bank of Japan will continue to loom large in this market, especially the closer we get to the 100 handle. I think at this point in time, you’re looking at a lot of short-term opportunities at best.

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.


Subscribe to Newsletter

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