Elementor #579

USDJPY Forecast: Will USDJPY test 130 again?

USDJPY has corrected from its recent downtrend. It has been more than two months USDJPY is looking for direction. Recent central bank statement did not provide clear view. Despite the pair went for further correction. But the question still arises that downward trend is completed or not?

When we drew fibonacci retracement USDJPY is spending its time between 38.2% and 50%.May be CPI data might give some direction. If the pair breaks below 134 it may move towards 130. Many analyst are expecting it to go further more on the downside.

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