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USD/JPY Forecast: Still in wait and see mode

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 1, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/JPY Current price: 123.16 View Live Chart for the USD/JPY Still in wait and see mode. The Japanese yen firmed up at the beginning of the Asian session, with the USD/JPY pair down to 122.63, o broad dollar's weakness. The pair however, recovered early Europe, and regained the 123.00 level, although still unable to confirm an upward continuation for this Tuesday. From a technical point of view, the 1 hour chart shows that the price is well above its 100 and 200 SMAs, both converging around

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