USDJPY market Forecast

USD/JPY OUTLOOK: •         The dollar index against the yen rose at the start of the week, boosted by rising U.S. Treasury rates. ·       Bond yields on 2-year and 10-year bonds reached levels not seen since July of this year earlier in the trading day. ·       The Federal Open Market Committee's rate decision and forward guidanc...

USDJPY forecast for the week 05-12-

USDJPY after continuing long terms upper direction, this currency pare moving sideways 113.300 to 114.400 level with high wave. Last of all it creates a clear Bearish Engulfing pattern that confirm us short position for a certain period. We should take decision to short USDJPY at the price 113.200 and risk level should be 113.100 Expected target will minimum 112.00

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