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USD/JPY Marks Time after Record Run

06 Dec 2016 19:25, GMT
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.”

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