Currency pair USD/JPY US Dollar to Japanese Yen is trading at 111.74. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Dollar/Yen pair. Ichimoku Kinko Hyo signal line area test is near the 112.85 level, from which it is expected to attempt a rebound and continue falling of the pair with a target near the level of 110.95.
Japanese Yen forecast USD/JPY on January 11, 2018
Earlier, a medium strength signal was received for the sell of the Dollar/Yen pair, due to the crossing of the signal lines at 112.70. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 113.05, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/JPY quotes with a level breakdown of 111.45.
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