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USD/JPY Forecast: Bears still lead

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 14, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/JPY Current price: 109.22 View Live Chart for the USD/JPY Bears still lead. The USD/JPY pair is showing little signs of life this Thursday, still trading within a limited range above the 109.00 level. Poor US inflation figures, however, are pushing the pair slightly lower, but with no much conviction. Technically, the 1 hour chart shows that the price has been struggling around a bearish 200 SMA ever since the day started, unable to advance beyond it. In the same chart, the technical

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