Dollar yen forecast pair USD / JPY today 05/14/2018
Open long positions on the dollar yen pair USD / JPY based on a continuation of the uptrend.
The main "driver" of growth will be the dynamics of the world's leading stock exchanges. Asian stock markets traded in the "green zone", where the leaders of growth was the Hang Seng Index, which weight by 1%. Futures on US S & P500 index also traded in the positive region, which is a positive factor for the pair, because of its strong correlation with the stock markets. In this regard, during the day we can expect growth of quotations to the psychological level of 110.00.
USD / JPY recommendation: Buy 109,31 / 109,15 and take profit 109,90.
Company analyst FreshForex