alexkyp

USDJPY potential BUY

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
* US dollar rises across the board on Friday, extends weekly gains versus yen. 
* Higher US yields and a rally in Wall Street support the upside in USD/JPY .
* The pair is broke through the 109.30 fibo s&r are a and is trading above the monthly trendline .
* The pair is recovering for monthly lows of 104.70 and is on an upward trend
* It may find resistance around the 110.30 are where the 200 EMA is currently but it expected to test the 110.90 area
* BOJ releases on Wednesday may boost the upward the outlook report and monetary policy doesn’t support the strength of JPY