The USD/JPY pair fell during the balance of the Friday session, but as you can see we remain well within consolidation that we’ve been in for some time. That being the case, we feel that this market is almost impossible to trade at the moment although we feel that once ultimately goes higher. There is a battle here between two central banks are trying to be as loose as possible with their monetary policies, so really this is a lose-lose situation at this point. That being said, we are simply sitting on the sidelines at the moment.
Written by FX Empire