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USD/JPY Forecast: BOJ gave bears a warning, but trend will likely prevail

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 20, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    USD/JPY Current price: 116.64 View Live Chart for the USD/JPY BOJ gave bears a warning, but trend will likely prevail. The USD/JPY pair plummeted briefly below the 116.00 level, reaching 115.96 before bouncing sharply higher following comments coming from the BOJ about watching yen's developments. Investors feared an intervention, as the Bank of Japan don't want a stronger yen, and quickly took profits out of the table. But the short term bounce is far from confirming and a bottom, and if risk

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