USD/JPY Forecast: Pressuring a critical resistance at 120.35

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: 120.28 View Live Chart for the USD/JPY Pressuring a critical resistance at 120.35. The USD/JPY pair soared up to 120.36 and trades nearby at the beginning of the US session, boosted by dollar's demand after a dovish ECB's Draghi. The European Central Bank has announced it will review the amount of its QE next December, whilst during this meeting, discussed the possibility of cutting rates further into negative territory. Also, US weekly unemployment claims resulted

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