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GBP/JPY, EUR/JPY and AUD/JPY Forecasts – Japanese Yen Continues to Face Pressures
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GBP/JPY, EUR/JPY and AUD/JPY Forecasts – Japanese Yen Continues to Face Pressures
The euro has been very noisy against the Japanese yen, but it is squeezing out a little bit of an attempt to break to the upside. The 185-yen level continues to be an area that I’ll be watching very closely, especially now that the 50-day EMA sits just 6 pips above there. If we can clear both of those, then I think that will allow this market to continue going higher. The interest rate differential continues to favor Europe, and it probably will…
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