USD/JPY Forecast September 23, 2015, Technical Analysis

The USD/JPY pair fell during the course of the session on Tuesday, as we continue to bounce around the 120 handle. This is an area that’s been very magnetic as far as the markets are concerned, and as a result we think that the markets will simply continue to bang around this general vicinity. We have no interest in getting involved quite yet, but do think that eventually the buyers will take over as this market seems to be very comfortable trying to build what appears to be a bit of a base at the moment.