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USD/JPY Forecast: Fresh lows, eyeing 116.10

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 15, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/JPY Current price: 116.74 View Live Chart for the USD/JPY Fresh lows, eyeing 116.10. The USD/JPY pair is trading at levels not seen since August, when China's Black Monday resulted in an almost 600 pips decline in the pair down to 116.13. The yen advanced earlier in the day as oil prices broke below $30.00 a barrel, triggering some risk aversion all across the financial world. The decline was later fueled by poor US manufacturing and retail sales data, which sent stocks to fresh daily lows

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