USD/JPY Forecast September 18, 2017, Technical Analysis

The US dollar rallied significantly during the session on Friday, after initially falling rather hard. The shakeup had to do with the North Koreans launching a missile over Japan, but quite frankly, the market has seen this movie before. Because of this, the buyers came back in and it looks as if we’re going to continue to try to grind to the upside. On longer-term charts, this suggests that we are going to go to the 114.50 level. So, with this in mind, I’m a buyer of dips and I believe that we do go higher rather than lower.