Currency pair USD/JPY US Dollar to Japanese Yen is trading at 111.21. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Dollar/Yen pair. The test area of Ichimoku Kinko Hyo signal lines near level 111.50 is expected, from which it is expected to attempt a rebound and continue falling of the pair with the target near the level of 110.45.
Japanese Yen forecast USD/JPY on January 15, 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 quotes of the pair will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 112.20, which will indicate a change in the bearish trend in favor of the bullish. Expect to accelerate the fall in USD/JPY quotes is at the level breakdown of 110.90.