USD/JPY Forecast June 29, 2016, Technical Analysis

USD/JPY  rose during  Tuesday, as there was more of a “risk on” type of move in  financial markets. With this, I am expecting a correction candle in order to start selling and at this point in time, buying would be a risky choice. I do recognize that the Bank of Japan will more than likely be monitoring this market, and therefore could provide a little bit of a boost, but at this point in time it would be correct to wait for further developments of BOJ decision. To sum it up ,sentiment holds for neutral with a negative bias. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. bears no responsibility for any trading losses you might incur as a result of using any data within the