USD/JPY Forecast: US Dollar Patiently Awaits Federal Reserve

  • The USD/JPY pair went back and forth Tuesday in relatively quiet behavior.
  • The market has been grinding away to the outside and in a relatively subtle angle.
  • The market has been in a bit of a channel, so I will be paying close attention to it.
  • The ¥136 level seems to be rather supported, so we will have to wait and see whether or not we can stay above there.