USD/JPY Forecast May 19, 2016, Technical Analysis

The USD/JPY pair had a positive session on Wednesday, as we continue to reach towards the 110 handle. The 110 handle been broken to the upside would be a rather positive sign, as we would then more than likely continue to go higher, probably reaching towards the 112 level. Alternately though, if we get a resistive candle rate here, it could see a short-term selling opportunity. Either way, you can pick up quite a bit of volatility in this market from time to time, and that of course is part of what makes this market difficult to trade.

Economic Calendar