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USD/JPY rebounds above 112.00 but lower lows continue

Discussion in 'Technical Analysis' started by ForexLive, Feb 23, 2016.

  1. ForexLive

    ForexLive Forum Member

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    USD/JPY technical analysis USD/JPY fell as low as 111.77 as US traders arrived but it's perked slightly above 112. The pair has been trending lower in the past week despite the best stretch for US stocks since November. Part of the reason for the divergence is Kuroda. Last week he talked about 3D easing but today he sent mixed signals on his believe in the effectiveness of more quantitative easing. That's been behind today's drop from near 113.00.

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