USD/JPY Forecast July 3, 2017, Technical Analysis

The US dollar went sideways against the Japanese yen during the Friday session, as we continue to grind around the 112 level. I believe that if we can break above the top of the range for the day, the market should then go to the 113 handle after that. I believe that the market continues to find buyers, as the Bank of Japan is so soft when it comes to monetary policy. Even if we pulled back from here, I believe that is not until we break down below the 110 level that the potential uptrend is over. - 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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