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Will the FOMC Minutes be the catalyst for a USD/JPY

Wilson Leung, Director, Trendsetter FX, joined Tip TV to offer the technical outlook for USD/JPY and GBP/USD.


USD/JPY – Will the dollar bulls return?

Leung believes that the US FOMC Minutes to be released ahead might be the catalyst dollar bulls await. He further maintains a buy on dips approach on the pair, suggesting to buy any weakness towards the 124.00 area, but maintains a stop loss at 123.00

Leung believes that USD/JPY will have to stage a break of its yearly highs at 125.86 for the dollar bulls to be back in control.

Watch the technical charts and the outlook for GBP/USD in the video.

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