Previous Close | 0.0066 |
Open | 0.0066 |
Bid | 0.0066 |
Day's Range | 0.0066 - 0.0066 |
52 Week Range | 0.0066 - 0.0077 |
Ask | 0.0066 |
The USD continues to look strong against the lowly JPY, as the market continues to see a lot of upward pressure due to the interest rate differential, and the possibility that the Fed may not raise rates anytime soon.
The Bank of Japan tried jawboning the markets overnight, offering a buying opportunity for those that are more long-term focus in this pair.
The USD/JPY pair is currently sitting at the top of the overall trading range we have been in, and it makes a lot of sense that people are going to “buy on the dip” going forward.