USD/JPY Forecast: Bears not ready to give up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 12, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 108.26 View Live Chart for the USD/JPY Bears not ready to give up. The USD/JPY trades uneventfully above the 108.00 level, and near a daily high set at 108.40, unable to attract investors at the time being. The Nikkei 225 recovered this Tuesday, but the JPY held into recent gains, as bears are not yet ready to give up. Nevertheless, some short term buying interest has been defending the downside around 107.90/108.00. From a technical point of view, the 1 hour chart shows

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