USD/JPY

The Japanese Yen is consolidating its big rally to the US Dollar from yesterday, we maintain our bias that the pair is likely to go even lower than Monday's lows. Looking for opportunities to purchase put options on a daily basis.

The Japanese Yen is weighed by negative trade data and a downgrade in GDP growth

This week we will have a look at a very strong trend pair and establish some possible scenarios for trading the USD/JPY binary options forex pair. The Japanese Yen keeps its sour mood and policymakers from the island nation are only helping that to happen. A change in mood is unlikely for now.

Waiting out Japanese GDP data at 23:50 should provide opportunities to buy calls in the USD/JPY pair. More aggresive players can buy daily calls for tomorrow on current levels.

USD stages a benign rebound after Retail Sales data for May. Yesterday’s US trading session provided fresh triggers for US Dollar bulls as U.S. retail sales were reported higher than expected in May and initial jobless claims marked a substantial decline from the previous week.

Our daily forecast today will present binary options traders with a view on the moves in USD/JPY in the next hours. Key drivers behind the moves today were mainly news out of the US following another turbulent Nikkei session which gave perspective that 5% moves in that index are something quite normal.