Trading Outlook- USD/JPY

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Originally Updated: 06:25am

Currency Pair: USD/JPY

Sentiment: Bullish

Market focus:

In today’s trade set up we will be focussing on short term buying opportunities on the USD/JPY.


The USD/JPY continued it’s one way move, breaking the 115.00 handle over night, after BOJ Governor Kuroda said yesterday he saw no limit to what steps the central bank could take in its goal to achieve their target inflation rate.

In the US, the Fed having a more hawkish outlook over the US economy is on track to raise rates as early as next June giving us a good trading opportunity on the USD/JPY.


We have a nice confluence zone at 113.70-113.50. This should offer short term support for any pullback.

Stop loss could be placed at 113.20

Take profit target: 114.20

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Source:: Trading Outlook- USD/JPY

About the Author
Jarratt Davis is the world’s ranked #2 (2008-2013) Forex Trader by Barclays FX Hedge Index, following years of mastering his art as a self employed trader Jarratt has now entered the field of education and delivers the most robust Forex education package on the market. Jarratt’s mentorship is one of the only programs on the market that is conducted by a verified professional trader. Forex Alchemy readers can get the FREE mini course where Jarratt gives away some of his secrets to success by Clicking Here... [space height="20"] [social type="facebook"][/social] [social type="twitter"][/social] [social type="google-plus"][/social] [social type="youtube"][/social]

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