ITMFOREX

USD/JPY - Possible Bearish Leg Ahead?

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
As we head towards the middle of December we see that the USD/JPY is experiencing possible trend exhaustion as the last 8 hours of Friday's markets ended with a strong bearish dip. Keeping a close eye on everything JPY at the minute as it seems like the pair is creating some extremely interesting volatility. My overall bias is for the USD to lose strength against its opposing currency and our first target is sitting at 112.018. Safe trading!

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