USD/JPY Forecast: Heading towards 121.35

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 23, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 120.88 View Live Chart for the USD/JPY Heading towards 121.35. The USD/JPY pair trades near its daily high set at 120.98, having bounced sharply from a low set at 120.22 early Europe. The pair is being supported by stocks, skyrocketing in Europe and the US as the PBoC decided to cut its benchmark lending rate. The surprise decision, following yesterday ECB's promise of more easing coming in December, is supporting a rally in the USD/JPY towards the top its latest range

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