USD/JPY Forecast: Breaking lower, watch 118.55

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 14, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 119.35 View Live Chart for the USD/JPY Breaking lower, watch 118.55. The USD/JPY pair extended its slow, but steady decline this Wednesday, down to 119.42 amid poor Chinese inflation figures. The CPI for September came out at 0.1% monthly basis, against expectations of a 0.5% advance, whilst yearly basis, it resulted at 1.6% from the previous 2.0%. The producer price index in the same month, declined by 5.9%, matching the previous reading. The pair bounced some ahead of

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