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Is the USDJPY Facing a Collapse in the Week Ahead?

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The USDJPY is facing the ultimate cross roads, as sellers start to line up against the pair ahead of trading this week, and the risk of a collapse towards the key 105.00 handle now becomes likely. However, the looming risk factor is the Bank of Japan, and whether the central bank intends to intervene within the market. The week remained a difficult one for the USDJPY as the pair initially managed a small rally to 109.40 before falling sharply to close the week out around the 108.70 mark. The

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