Critical support has recently been broken on USDJPY and with questions marks still surrounding the USD , its possible we could be looking at a measured move down to 108 over the next few weeks.
Positive US data and any talk of additional rate hikes will affect this view but in the absence of positive news we expect the USD to continue its BEARISH move and head south.
Positive US data and any talk of additional rate hikes will affect this view but in the absence of positive news we expect the USD to continue its BEARISH move and head south.
