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USDJPY Forecast 2016: downward correction towards 115.50 before 130.00 becomes likely

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Bank of Japan shook the markets last Friday by announcing a change in its stimulus program. The movement was hardly a surprise in the fact, given that investors have been largely speculating with an extension of the local QE, but it was a surprise in the timing, as no one was expecting Kuroda to made announcements one day after the FED pulled the trigger on its first rate hike. BOJ's head later said that “these measures are not a response to downside risks for prices or the economy”,

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