USD/JPY and AUD/USD Forecast September 9, 2020

from dealer forex this is chris taking a look at the us dollar japanese yen and as you can see uh we have seen a negative move during

The trading session it's been a real risk off type of trade as of uh the day and i think really at this point what we're looking at here is a scenario where we will continue to dip towards the yen

One of the biggest problems you have is there's a lot of dollar buying out there uh so that kind of throws this thing into overdrive it just kind of goes back and forth we're making lower highs so i

Think 105 is our destination fading short-term rally should continue to work the aussie still has a lot of support underneath it but i will say this

Things are not looking good uh for shorting the dollar at the moment so i think we have a little further to go we could probably discuss this closer to 71 or so as to whether or not we should buy it

Again i mean technically speaking we're still um you know in an uptrend i don't think that's going to change in the short term but we may have to kind of step to the side a little bit and find

Value underneath