USD/JPY Forecast: Lower on BOJ's on-hold stance

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 7, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 120.09 View Live Chart for the USD/JPY Lower on BOJ's on-hold stance. Pretty much as expected, the Bank of Japan economic policy meeting of this October 7th passed with no changes, and the Japanese yen appreciated afterwards, despite risk appetite prevailed among stocks' traders. The USD/JPY pair fell down to 119.75 intraday, but recovered back above the 120.00 level, where is now consolidating with a pretty neutral technical stance, both short and long term. The 1

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