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USDJPY Forecast And Technical Analysis

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USDJPY Forecast And Technical Analysis October 30th

Fundamentals:

Speculators' net short bets on the U.S. dollar in the week ended Oct. 24 fell to their smallest in nearly three months, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.
Generally positive U.S. data over the past month as well as hawkish rhetoric from Fed officials has boosted expectations for a rate hike later this year.
The Fed will hold a two-day policy meeting on Tuesday and Wednesday at which it is expected to leave rates unchanged.

Technicals:

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This article was written by Emre Tutucu for http://www.fxters.com/usdjpy-forecast-technical-analysis-october-30th/ on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

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