USD/JPY Forecast: More slides below 122.60

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 21, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 122.82 View Live Chart for the USD/JPY More slides below 122.60. The USD/JPY pair held near its recent lows, consolidating below the 123.00 level for most of this Friday. The Japanese yen strengthened further after the latest BOJ meeting, as officers somehow are convincing investors that an extension in QE is for now, out of the table. The short term picture has turned bearish, as in the 1 hour chart, the pair has been unable to advance beyond its 200 SMA, currently the

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