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USD JPY Forecast: Waiting for the BOJ

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 29, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 121.04 View Live Chart for the USD/JPY Waiting for the BOJ. The USD/JPY pair holds pretty much unchanged intraday, hovering below the 121.00 and barely reacting to US news, as investors are waiting for the BOJ meeting outcome at the beginning of Friday. Market has been largely expecting an extension of stimulus in Japan, which means the pair will hardly move to far away from the current levels. The technical outlook is bullish in the short term, as the price is advancing

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