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Nikkei: gearing up for significant rally?

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 6, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FX traders may be happy to finally see the USD/JPY break through that sticky 118.50-121.50 region which had limited the FX pair in a side-ways movement since the end of August. Thanks to continued hawkish talk from the Fed and some stronger than expected US data this week, traders are evidently expecting to see a rate rise from the Fed in December. Of course, a lot will depend on Friday’s US jobs report and if this comes out stronger then the USD/JPY could rally quite significantly. This could

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