Dollar against the yen pair forecast USD / JPY today 22.10.201
Forex traders in the pair USD / JPY today is opening long positions Buy based on the growth of quotations in the region of 113 pieces.
The Chinese government does not want to put up with slower economic growth and announced to provide additional liquidity to banks. As this event affect the pair USD / JPY? The impact of direct and very strong, as the new portion of the liquidity will support the Asian stock markets, which in turn strongly correlated pair USD / JPY. Thus, now it is the only "driver" for the growth of quotations.
USD / JPY recommendation: Buy 112,52 / 112,35 and take profit 113,00.
FresForex analyst Aleksandr Goryachev