USD/JPY Forecast: USD Pauses Against the JPY

There are still people out their Federal Reserve will eventually have to back down, and therefore we will continue to see a bit of hesitation.

  • The US dollar has paused the bid against the Japanese yen, as we have threatened to break out above the most recent high.
  • This is a market that I think given enough time will eventually break out.
  • We have the job summer coming out on Friday, and that will obviously have a major influence on the pair.

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