The USD/JPY pair fell hard during the session on Wednesday after the Federal Reserve announced that it was not going to taper off of quantitative easing. That being the case, this of course punish the US dollar overall, in this pair of course was going to be no different. We think that there will be support lower, but we really don’t know where it is at this moment time, so therefore we simply going to ignore this market. One has to think that the Bank of Japan will get involved and try to work against the value the Yen now.
Written by FX Empire