USD/JPY Forecast: The range persists

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 30, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 120.48 View Live Chart for the USD/JPY The decision of the Federal Reserve and the Bank of Japan did not push USD/JPY out of the current trading range that remains intact. The US dollar is about to end the week lower versus the yen after posting considerable gains the previous week, when it rebounded from 118.00. The pair continues to move sideways, still below the 20 and 33-week MA. The range has two keys areas: 118.00 and 121.70. The outlook should point toward the

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