USD/JPY Forecast: Back bearish, break of 121.05 required

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 18, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 121.46 View Live Chart for the USD/JPY Back bearish, break of 121.05 required. The Japanese Yen appreciated during the Asian session, as the BOJ announced some changes in its economic policy, in an effort to boost local inflation that remains far below the 2.0% target. The Central Bank established a new program for purchases of ETF's , at an annual pace of 300B, and expand the eligible collateral for Bank credit, including foreign currency denominated loans and housing

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