USD/JPY Forecast: Downside risk prevails

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

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 120.72 View Live Chart for the USD/JPY Downside risk prevails. The USD/JPY pair trades near its recent lows, unable to recover the 121.00 mark ahead of the US opening. The pair started the day with a positive tone and rallied up to 121.34 early in Asia, but deteriorating risk sentiment is favoring the safe haven currency. The technical picture is clearly bearish, given that in the 1 hour chart, the price is still developing well below a strongly bearish 100 SMA, although

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