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USD/JPY Forecast: Short term bearish below 109.00

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 19, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 109.23 View Live Chart for the USD/JPY Short term bearish below 109.00.The USD/JPY pair retreats from a fresh weekly high set at 109.48, weighed by poor US housing data, as in March, housing starts and building permits fell beyond expected. Despite improved market's mood, the pair retains its long term bearish tone, although some consolidation could be expected, before the pair is able to break below 109.00. From a technical point of view, the 1 hour chart shows that the

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