USD/JPY Hits First Decent Spot for 2017 Support
Chart Prepared by Jamie Saettele, CMT
-Recent updates have noted that “USD/JPY continues to trade heavy but has not broken down ‘decisively’. If it does, be aware of 111.45/88 (May 2016 high) as a level.” The mentioned zone has been reached and USD/JPY is responding (traded 100 pips off of the Asian low on Tuesday before backing off). I’m looking for the rate to base.