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USD/JPY Forecast: Fading the rally from 113.00

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 24, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/JPY Current price: 112.48 View Live Chart for the USD/JPY Fading the rally from 113.00. The rally in the USD/JPY pair lost steam after London's opening, as local share markets opened sharply lower. The pair traded as high as 112.94 during the Asian session, in a lackluster fashion given the absence of macroeconomic data. US initial jobless claims came in better-than-expected, although Durable Goods Orders were far from signaling steady growth, declining in February 2.8% barely above the

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