Forex forecast: USD/JPY eyes 105.00-106.00, Bears need to be patient – Trendsetter FX

Wilson Leung, Director at Trendsetter FX, also described as Tip TV’s Nick Batsford and Zak Mir as ‘Mr. Yen’ details the rationale for his short-term bullish view on Dollar-Yen. Leung is a dollar bull in the short-run and expects the bird to fly high towards 105.00-106.00. However, bears should not lose heart, says Leung while adding further that a failure to cut through resistance at 107.50 could trigger a big sell-off to 99.00/95.00-96.00 levels. A must watch segment as Leung discusses action on the daily and weekly chart backed by fundamental commentary.