USD/JPY Forecast: Upside limited despite tepid US data

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 28, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 118.34 View Live Chart for the USD/JPY Upside limited despite tepid US data. The USD/JPY pair traded around its highs in the 118.90 region for most of the day, and was unable to extend beyond it after the release of soft US data. With Durable Goods Order falling 5.1% in December, and weekly unemployment claims rising beyond expected, the pair should resume its decline, additionally as strong selling interest is still present, around the Fibonacci resistance. Anyway,

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