USD/JPY Forecast: The Japanese yen weakened this Wednesday

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 13, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 108.59 View Live Chart for the USD/JPY Holding above 109.00. The Japanese yen weakened this Wednesday, as improved market´s sentiment forced yen bulls to take some profits out of the table. The USD/JPY rallied up to 109.38, and currently retreats on the back of poor US data, as March Retail Sales fell, while inflation at production levels grew less than expected. Still holding above the 109.00 figure, the 1 hour chart shows that the pair advanced above its 100 SMA for

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