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Trading Outlook – USD/JPY

Jarratt Davis
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Originally Updated: 06:52am

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.

Fundamentals:

We are focussed on buying opportunities on the USDJPY again today as talk circulates about Japan calling for an election and whether or not there will be a delay in the sales-tax hike.

Markets will be closely watching the GDP figure out of Japan on Monday.

Technicals:

We have a nice confluence zone at 115.65-115.55. This should offer short term support for any pullback.

Stop loss could be placed at 115.30

Take profit target: 116.40

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