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USD/JPY Forecast: Bouncing from 123.00, upside limited

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 20, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/JPY Current price: 123.12 View Live Chart for the USD/JPY Bouncing from 123.00, upside limited. Dollar's weakness has sent the USD/JPY down to 122.97 during the European session, from where the pair is slowly trying to bounce, ahead of the US opening. In the US, weekly unemployment claims came in line with expectations at 271K in the week ending November 13, yet the pair is still aiming higher afterwards. The 1 hour chart shows that the price briefly fell below its moving averages but that

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