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USD/JPY Forecast: Downward risk prevails

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 18, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 111.49 View Live Chart for the USD/JPY Downward risk prevails. The USD/JPY pair remains under pressure, trading a few pips above its daily opening after falling down to 111.05 earlier in the day. Yen's strength undermined the Nikkei that closed in the red, but the positive tone of European equities is helping the pair in advancing some. Nevertheless, the upside seems limited beyond some short term rallies. Technically, the 1 hour chart shows that the technical

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