Currency pair USD/JPY US Dollar to Japanese Yen is trading at 112.65. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in the Dollar/Yen pair. Ichimoku Kinko Hyo Cloud is expected to test near the 112.85 level, from which it is worth to wait for the rebound and continue falling of the pair with the target near the level of 111.80.
Japanese Yen forecast USD/JPY on January 2, 2018
Earlier, a weak strength signal was obtained for the sell of the Dollar/Yen pair, due to crossing of the signal lines at the level of 113.25. 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 quotations above the area of 113.31, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of the USD/JPY quotes falling with the level breakdown at 112.35.