The USD/JPY pair rallied during the course of the day on Thursday, testing the 101.75 handle. There is a significant amount of noise just above though, so I feel sooner or later the sellers will probably return. I prefer to buy this pair on dips, so I’m not going to short as I believe that the Bank of Japan will continue to loom large in this market, especially the closer we get to the 100 handle. I think at this point in time, you’re looking at a lot of short-term opportunities at best.
![USD/JPY Forecast September 30, 2016, Technical Analysis](http://c86cb244b7aa82d722df-bc886d861d799bf6b58e79429d5ca9ac.r8.cf2.rackcdn.com/www.fxempire.com/wp-content/uploads/2016/09/usdjpy-21.jpg)