USDJPY Technical Analysis October 9th

We keep our bullish prediction of USDJPY. As we have published in our technical analysis on October 6th, pullbacks towards 112.200 are buying opportunities.

USDJPY Technical Analysis and Forecast October 6th

Fundamentals:

North Korea case was supporting the Yen as a safe haven, but the realization that North Korea is unlikely to start a war with US has slowly seeped into the markets over the last few weeks. Thus, NKorea-led Yen gains have been short-lived.

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USDJPY-H4-1

Source: http://www.fxters.com/usdjpy-technical-analysis-october-9th/

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