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USD/JPY Forecast: Tepid bounce, bearish tone persists

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 30, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 112.55 View Live Chart for the USD/JPY Tepid bounce, bearish tone persists. The USD/JPY pair bounces from a low set at 112.07, underpinned by a better-than-expected US ADP employment survey. The dollar however, is seeing little demand across the board, which means this recovery may be short lived. Still in the red daily basis, the 1 hour chart shows that the technical indicators have erased all of the extreme readings, and that they keep heading higher within negative

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