The Yen
keeps losing ground versus the Dollar and we can see that the USD/JPY has
reached the 119.00 and it could head towards the 120.00 level if during next
week the fundamentals out of the United States come out better than expected.
However, at the moment the pair has retraced approximately 100 pips and it is
visiting the 118.00 level. From this area the pair may try to bounce to the
upside and if there are no important fundamentals that affects it, the pair may
stay consolidated between the 118 and the 119 levels.
Very useful information! Thanks.
ReplyDeleteGreat assessment. I'll keep a close eye on it.
ReplyDeleteThank you for the helpful analysis!
ReplyDeletegreat post
ReplyDeleteVery nice thank you very much.
ReplyDeleteVery Good analysis.
ReplyDeleteUJ is unstoppable.
ReplyDeleteGood analysis.
ReplyDelete