USD/JPY had a fairly quiet day again on Monday, with a slightly negative bias to it. The pair is still being held afloat in the 76 area, as traders simply haven’t been able to test the resolve of the Bank of Japan openly. The central bank is rumored to be clandestinely intervening around the area, so shorting isn’t advised. We would be interested in buying, but only on signs of strength, of which there haven’t been any lately.
The FX Empire:
Dedicated to delivering the very best to its readers, FXEmpire.com stands committed to its reader. As such, everyday, we provide the highest quality, most timely and most actionable technical and fundamental analyses and news. Those and our broker reviews mean that we arm our readers, empowering them to make, for themselves, the best financial decisions.
Check out the latest Brokers Reviews by FX Empire: MIG Bank Review, Nord FX Review, Oanda Review.
Get your forex bonus here!
