FX:USDJPY U.S. Dollar/Japanese Yen
Is this the right time to buy into the USDJPY pair? EURUSD just dropped a whopping 158~ pips giving us a modestly strength into the U.S. Dollar. Our recommendation is to conservatively buy into this pair as the Dollar strength is expected to prevail given the gap down in EURUSD . We don't usually see both gapping in the same direction. It looks like this sell off is over done over market fears and will soon correct itself.