USD/JPY Forecast: Next long term target at 112.50

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 9, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 114.92 View Live Chart for the USD/JPY Next long term target at 112.50. The USD/JPY pair trades at its lowest in over a year, as the Japanese yen strengthened on the back of rising risk aversion during Asian hours. The pair fell down to 114.20 before bouncing over 100 pips intraday, but is unable to sustain gains beyond the 115.00 level, and seems ready to resume its decline. The safe-haven currency soared against all of its major rivals, as worldwide stock plummeted at

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