USD/JPY At 6 Year High May Rise More

USD/JPY rose to it’s 6 year high  Market analysts are warning that USD/JPY may rise more. The dollar rose to the strongest in almost six years versus the yen as Treasury yields climbed on speculation economic reports this week will back the case for the Federal Reserve to boost interest rates next year. Right now USD is standing at a 14 month’s high against a basket of 10 currencies. Market analysts think that FED is going to raise the interest rates. This is making USD strong. On the other hand, Japanese economy is not performing well. This is making JPY weak. So right now USD/JPY is the best pair to go long.

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