Currency Pair of the Week - USD/JPY

Trading Discussion Currencies
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USD/JPY is likely to remain in the market’s eye for the time being, and volatility could spike again this week with the BOJ’s interest rate decision due this week, followed by GDP and inflation data from the US.

The pair has been consolidating in a symmetrical triangle over the last few days, and this week’s macroeconomic developments could likely be key in determining whether USD/JPY’s rally extends, or begins to correct in the near-term.

Check out our latest analyst article for a deeper insight into this forex pair and key levels to look to out for:

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Yes, my Daily chart agrees with your analysis. We have a bullish trend that is now (today) being challenged by the bears from the lower TF’s. Worth a short-term scalping trade?

I think that the forementioned macroeconomic fundamentals could clarify where this pair will head to - although my money would be on a continuation of the trend.

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It might just consolidate/range for a few weeks

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