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USD/JPY Forecast: pressuring 116.00, a major support

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 8, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/JPY Current price: 116.46 View Live Chart for the USD/JPY The USD/JPY pair extended its decline down to 116.11 ahead of the US opening, fueled by risk aversion, as crude oil prices fell below $30.00 a barrel, while US yields nose dive. The 10year yield is below 1.80%, leading to some Japanese yen demand. From a technical point of view, the pair is bearish, despite in the 1 hour chart, the technical indicators are posting modest bounces, particularly the RSI which reached oversold

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