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Japan falls into "recession," USD/JPY bulls may target 13-year high around 125.00

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    It’s been a quiet start to the week as the world reflects on the horrific terrorist attack in Paris over the weekend. Our thoughts remain with all the families impacted by this weekend’s awful events, but the impact on markets has thus far been limited. USD/JPY initially gapped lower as traders bought the safe have yen, but a weaker-than-expected Japanese GDP report quickly drove the pair back higher. Japan’s Q3 Preliminary GDP reading game out at -0.2% q/q, worse than that -0.1% reading

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