$USDJPY is continuing to climb drastically. Are you following along? Forex Trading Markets Profit finance USD
. In fact, I will look at this as an opportunity to pick up a little bit of value, taking advantage of the dips in order to get long yet again. I believe at this point the ¥140 level is going to continue to see a lot of support, if for no other reason than the psychology of that figure.that will come into the picture as well.Keep in mind that the US dollar has the Federal Reserve behind it, and of course, it is looking to tighten monetary policy multiple times.
Buying on the dips continues to be the strategy that I will be using, because the market has a perfect set up from a fundamental standpoint. The market will continue to have the occasional noisy bit but given enough time I think it’s likely that we see plenty of opportunities if you are patient enough. I would not chase the market all the way up here, because you are either already long of this pair or you are not. At this point, it’s very likely that we will eventually try to get to the ¥145 level, which of course seems a bit outrageous into you look at the long-term charge.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japanese Yen Forecast: USD/JPY Rallies to Fresh Highs as Yields SurgeJPY: Once again USD/JPY is at a fresh two-decade high as topside momentum picks up with the pair now firmly above the 141.00 handle. Get your market update from JMcQueenFX here:
Read more »
USD/JPY hits fresh high since August 1998, climbs further beyond mid-144.00sThe USD/JPY pair builds on the previous day's blowout rally and gains strong follow-through traction on Wednesday. The pair hits a fresh 24-year peak
Read more »
USD/JPY Price Analysis: Bears step in, but there is some work to do yetUSD/JPY rallied on Tuesday and took out the symbolic level of 142, scoring a fresh 24-year low as the US dollar sprung into life again and while the g
Read more »
USD/JPY Technical Analysis: Bulls\u0027 Control Still StrongThe bulls controlled the direction of the USD/JPY currency pair, the strongest with the highest gains for the currency pair in 24 years.
Read more »
Gold, silver rebound as recession fears support precious metalsPrices of gold and silver continued to climb on Tuesday after touching notable lows last week.
Read more »
AUD/USD recovers early lost ground to its lowest level since July 14, lacks follow-throughAUD/USD recovers early lost ground to its lowest level since July 14, lacks follow-through – by hareshmenghani AUDUSD Bonds Fed Recession Currencies
Read more »