USD/JPY (108.91) â€“ Weekly Forecast
Weekly forecast levels: 107.20/110.15
Trend for the week â€“ Downward/Neutral
Market Focus: Investments into Asian economy and currency in run away by the losing dollar. Attractive trading levels for the yen below 108.00.
Weekly Strategy: The yen remain strong against the dollar. The traders will continue to buy yens at the beginning of the week. As overall there are not clear indicators for the yen rising of the market. It is expecting at the end of the week the yen to back at the trading levels above or close to 110.00. The key support for the dollar/yen trading is 107.20. The break below is with minimal chances.