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USD/JPY: elusive highs, but bullish

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 20, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The Japanese yen has been on a wild ride until the beginning of this 2015, when it finally halted its 3-year bullish run at 125.81, past June monthly high. The pair has been always the most sensitive to US data, with the JPY being particularly vulnerable to US employment figures, and of course, Central Bank decisions. Given that the Japan latest GDP figures suggest the country is in recession, whilst inflation is far below 2.0%, investors are waiting for some further easing by the BOJ. The

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