JPY Analysis – 8th of March

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 8, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    After months of yen appreciation, the BOJ’s new policy measures initially saw weakness on the yen, however this quickly turned as a result of risk aversion with the USDJPY falling over 1000pips since the January 29 high. Risk sentiment has been improving over recent sessions and as such USDJPY is now almost 300 pips off of its lows and with plenty more room to the upside should risk sentiment continue to improve.This is being further supported by recent USD strength with

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