USDJPY: Look to buy into weakness towards 111.00

Jim Langlands FX Charts

Preferred Strategy: The charts are mixed, with the short term momentum indicators hinting at further near term dollar weakness, while the dailies still remain positive. I would therefore remain square today or look to buy into weakness towards 111.00. Note that there are some decent support points ahead of 111.00, which may help to prop the dollar up. BOJ Minutes later.

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T: BOJ Minutes

Author

Jim Langlands

FX Charts

Jim Langlands began his trading career in the commodities markets in London in 1976, before moving to Australia in 1979 to work as a floor trader on the Sydney Futures Exchange.

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