USD/JPY survived another attack - Forex News by FX Leaders

USD/JPY survived another attack

Posted Wednesday, March 23, 2016 by
Skerdian Meta • 1 min read

USD/JPY has been feeling quite heavy in the last few months. It has declined about 15 cents (1,500 pips) from the 1.25 highs. It reached 1.11 in February during the days of panic and then it jumped nearly 400 pips higher when the BOJ became more vocal. But the downtrend resumed once again and this pair found itself near the lows again. It even broke below 1.11, reaching as low as 1.1067 last Thursday but once again it moved higher and right now we are at 1.1260s. Did the bears have enough and gave up? 

USD/JPY is looking bullish in the daily chart

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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