USD/JPY Forecast March 21, 2017, Technical Analysis

The USD/JPY pair did almost nothing during the day on Monday, as we should see quite a bit of support just below. I believe that the 112 level will be very important, and if we can see above there we should continue to find buyers. If we can break above the 113 handle, we could go ahead and start reaching towards the 114 level again. Nonetheless, this will be a very choppy market, as we try to figure out what’s going on with Federal Reserve and how many interest rate hikes there will be for the rest of the year. - 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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