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USD/JPY Forecast: Still bearish, but little chances of a downside breakout

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 22, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 120.93 View Live Chart for the USD/JPY Still bearish, but little chances of a downside breakout. The USD/JPY pair hovers around the 121.00 level, hardly affected by US macroeconomic readings. The third quarter GDP was finally revised lower towards 2.0% from a previous estimate of 2.1%, although the result beat expectations of a 1.9% growth. Personal consumption expenditures rose in the same quarter, although the dollar failed to rally with the news. In fact, thin markets

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