109 Holding Strong in the USD/JPY - Forex News by FX Leaders

109 Holding Strong in the USD/JPY

Posted Thursday, August 24, 2017 by
Rowan Crosby • 1 min read

In the morning preview I had a look at the USD/JPY and suggested that 109 was a good level to play off. It's been holding up reguarly and if we get a bit of USD strength, it should bounce nicely. There are some bullish candles that have formed over the course of the session – albeit in muted trade – however there's still an opportunity for more upside as Europe and the US enter.

Yen 24th

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About the author

Rowan Crosby // Asia-Pacific Analyst
Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.
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