USD/JPY Forecast March 21, 2016, Technical Analysis

The USD/JPY pair rose slightly during the course of the day on Friday as we reached extreme lower levels, but in the end we believe that this market will more than likely find sellers again, as we reach towards the most logical support level, the 110 level. We’ll have any interest in buying at the moment, mainly because what the Federal Reserve is set recently, and as a result we believe that the sellers will continue to return to this market again and again. We will of course keep our eyes on this market as it tends to lead the US dollar overall.