Last week the USD/JPY
pair again managed to reach local highs, after which it suddenly turned bearish
and fast gave up 500 points within several hours. Despite this I still expect the pair to advance up to 10-year lows, and for this reason any breach of the closest high will give a chance to launch long positions.
My forecast participates in the Market Forecaster contest. Follow the link
to vote for it and help me win the top prize. Thank you.