Forex Marketz Daily Forex News – Fully Markets Update
USD/JPY (102.489)
We have seen some indecisive price action in the Forex pair. This could mean range trading positions for traders.
As the yen moves higher we can see it moving towards it multi month high near 103.00. This will represent an opportunity for a sellers to come in bringing the pair lower. Alternatively a move towards 101.50/49 can be a good buy opportunity. Any break below there is very bearish for 100.60 and lower. A break above 103 can target 104.50.
