Currency pair US Dollar to Japanese Yen USD/JPY closed the trading month at 110.695. The pair is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend for the pair Dollar/Yen. The Ichimoku Kinko Hyo Cloud test is expected near the 112.200 level, from which it is expected to test the lower boundary of the Ichimoku Kinko Hyo Cloud near the 108.800 level.
Japanese Yen forecast USD/JPY for August 2017
Earlier, a weak signal was received for the sale of the Dollar/Yen, due to the crossing of signal lines at 111.350. To consider selling costs with the breaking of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closing of quotations below the level of 106.200, in case of breaking the upper boundary of the Ichimoku Kinko Hyo Cloud, it is necessary to expect the continuation of the bullish trend in USD/JPY.