USD JPY Forecast: Buying the dips

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 26, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 120.95 View Live Chart for the USD/JPY Buying the dips. The USD/JPY pair retreated from the highs set late last week at 121.47, weighed by comments made by PM Abe's adviser Hamada. He said that there's no need for the BOJ to ease, as long as market expectations for a FED rate hike keep the yen weak. Investors have been pricing in additional stimulus in Japan given that inflation remains subdue, and the news forced some profit taking, albeit the pair remains near its

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