USD/JPY Seen Descending Further

Discussion in 'Technical Analysis' started by Kaitlin, Aug 17, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    With the return of risk-off sentiment and relatively poor US inflation data yesterday, the USD/JPY currency pair was close to touching the 99.50 level, but closed at 100.30. Risks of the Buck slumping below the 100.00 psychological level are even greater, while technical indicators support this outlook with their bearish[​IMG]

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