USD/JPY Forecast: Bouncing from fresh weekly lows

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 9, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 112.78 View Live Chart for the USD/JPY Bouncing from fresh weekly lows. The USD/JPY pair plunged to 112.22 during the Asian session, as local share markets fell on risk aversion. The pair however has managed to bounce from its low, as the negative sentiment receded during the European morning, with equities markets recovering ground. Nevertheless, the underlying bearish trend persists, at least in the longer term, given that the pair has posted a lower low and a lower

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