USD/JPY Forecast July 1, 2013, Technical Analysis

USD/JPY rose for the session again on Friday, breaking above the recent resistance in order to clear the path to the 100 handle. With that being the case, we are looking for short-term pullbacks as by signals, and away to see what happens at 100 as it should be relatively important overall.

Nonetheless, we are not selling this market, and any time it falls it looks like a buying opportunity to us. The Bank of Japan will continue to try and weaken the value of the Yen, and as a result we think this market continues to go much, much higher.





Written by FX Empire