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USD/JPY Forecast: Bearish potential increases, 116.10 possible

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 7, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 117.61 View Live Chart for the USD/JPY Bearish potential increases, 116.10 possible. Another round of risk aversion triggered by China sent the USD/JPY down to 117.32, the lowest since Chinese Black Monday late August. The Yen's strength accelerated, and the pair trades in the red for a fourth consecutive day, which leaves the daily technical indicators in oversold territory, although still heading south and supporting some further declines. In the shorter term, the 1

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