The currency pair US Dollar to Japanese Yen USD/JPY is trading at 110.812. The pair is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend for the Dollar/Yen pair. Ichimoku Kinko Hyo Cloud is expected to test near the 110.600 level, from which it is expected to test the upper boundary of the Ichimoku Kinko Hyo Cloud near level 111.100.
Japanese Yen forecast USD/JPY on August 9, 2017
Earlier, a weak signal was received for buying of the Dollar/Yen, due to the crossing of signal lines at the level of 110.400. Consider buying the pair is with the breaking of the upper boundary of the Cloud Ichimoku Kinko Hyo and the closing of quotes above the level of 111.500, in the case of breaking the lower boundary of the Cloud Ichimoku Kinko Hyo, we should expect the development of the bearish trend in USD/JPY.