USD/JPY Forecast April 21, 2017, Technical Analysis

The USD/JPY pair rally during the day on Thursday, breaking above the 109 handle. Because of this, I think that the market may try to get to the 110 level, but I still believe that the market is consolidating more than anything else. Because of this, I’m not looking for anything explosive, but I must point out that most of the yen related pairs are shooting higher during the day. I will be monitoring this of course, stay tuned to Eracash to see what I’m doing the right now I think at best this is a short-term buying opportunity. - 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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