USD/JPY Forecast: Yen holds to its strength

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 5, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 119.02 View Live Chart for the USD/JPY Yen holds to its strength. The USD/JPY pair recovered some ground during the Asian session, but selling interest capped the rally in the 119.60 region, keeping the short term bearish trend firm in place. The recovery was supported by easing risk aversion, yet the Japanese yen refuses to give back the ground gained earlier this week. Technically, the 1 hour chart shows that the technical indicators remain biased south below their

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