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USD/JPY 10-12


USD/JPY


Whilst interest rates were left unchanged by the Fed in September, the Chairwoman Janet Yellen has commented that the case for a rate hike this year has strengthened, and most importantly, three members have voted in favour of an immediate raise. In anticipation, U.S government bond yields are moving higher as investors position themselves for the upcoming hike. Expectations of easing by the Bank of Japan along with an outlook of a Fed rate rise, the upcoming FOMC minutes should support dollar strength against the Yen.

Trade: Entry to buy @ 103.75 with T/P @ 104.50 and S/L @ 103.50 (3:1 risk-reward) 
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