USD/JPY Forecast: Bearish, 108.00 eyed

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 15, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 108.94 View Live Chart for the USD/JPY Bearish, 108.00 eyed. The USD/JPY pair recovers from a daily low of 108.79, as better-than-expected US data, put a halt to the previously ongoing decline. While there was is still more US macroeconomic releases pending, including Industrial Production and the Michigan consumer sentiment survey, the downside is still favored, as dollar gains in the pair, are being seen as selling opportunities. Short term, the 1 hour chart shows that

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