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USD/JPY Forecast: Waiting for the BOJ

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 7, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 120.33 View Live Chart for the USD/JPY Waiting for the BOJ. The USD/JPY pair trades in a 50 pips range ever since the day started, hovering around the 120.35 level, the 50% retracement of its latest weekly decline. For over a month already the USD/JPY has been trading in quite a limited range within Fibonacci levels, which basically means that, when it is finally broken, the movement has high chances of being explosive. There are little chances of seeing the pair moving

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