The US dollar rallied a bit during the course of the last trading week but still struggles near the ¥114 level. I think at this point the pair is going to quiet down as we head into the end of the year scenario when traders simply step away from the market. The ¥112.50 level underneath should be support, while the ¥115 level above continues to be a major resistance barrier. Anything above there makes this market more or less a “buy-and-hold” scenario.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.