USD/JPY Forecast March 2, 2016, Technical Analysis

The USD/JPY pair broke higher during the course of the day on Tuesday, suggesting that we’re going to try to reach towards the 115 handle. With that being the case, we are simply going to wait to see whether or not we get exhaustion near that level in order to start selling again. On the other hand, we can break above the 115.50 level, the market should continue to go higher from there. One that you can count on is volatility, and you should be aware of the fact that the currency pair tends to follow risk appetite in general.