USD/JPY Forecast March 17, 2017, Technical Analysis

The USD/JPY pair fell slightly during the day on Thursday as we continue to bounce around the 113 handle. I think if we can break down below here, the market will then find significant support at the 112 level. Because of this, I am looking for a buying opportunity but presently don’t see one. I still believe longer term that this pair goes much higher, the less than overly hockey statements coming out of Federal Reserve the previous session may have caught the market a bit off guard. Nonetheless, they are raising in America, and doing nothing but quantitative easing in Japan. - 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.

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