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USD/JPY Forecast: Still neutral, but risk remains towards the downside

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 21, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 111.45 View Live Chart for the USD/JPY Still neutral, but risk remains towards the downside. The USD/JPY trades flat in a tight range this Monday, given that Japan's financial markets have remained closed on a local holiday. Hovering around 111.40, the pair may see some action with US data, but will more likely come back to life after Tuesday's Nikkei opening, In the meantime, the long term bearish dominant trend remains firm in place, as the price consolidates near the

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