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USD/JPY Marks Time after Record Run

USD/JPY Marks Time after Record Run

Jamie Saettele, CMT, Sr. Technical Strategist

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Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-There is no change to USD/JPY comments. “Ultimately, the floor from late 2014 to early 2016 (115.50-116.00) could provide major resistance. The reaction lower from the late March high thus far held the May high (111.44). The near term pic is positive whilst above that price.”

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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