USD/JPY Forecast: The USD/JPY pair jumped around 280 pips

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 29, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 120.91 View Live Chart for the USD/JPY The USD/JPY pair jumped around 280 pips after the BOJ announced a rate cut to negative territory, surprising the market and triggering sharp advances in JPY crosses. The daily high was set at 121.38, and hovers around the 121.00 level, meeting short term buying interest around the 61.8% retracement of its latest decline around 120.60. The 1 hour chart shows that the technical indicators have resumed their advances within overbought

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