The bias on the USD/JPY pair has turned completely bearish and the market is supposed to be going downwards, reaching the demand levels at 109.50 and 109.00. About 180 pips have already been lost this week, and the market may even go lower than that. The strength of JPY has already been showcased on the JPY pairs.
The material has been provided by InstaForex Company – www.instaforex.com
USD/JPY
The bias on the USD/JPY pair has turned completely bearish and the market is supposed to be going downwards, reaching the demand levels at 109.50 and 109.00. About 180 pips have already been lost this week, and the market may even go lower than that. The strength of JPY has already been showcased on the JPY pairs.
The material has been provided by InstaForex Company – www.instaforex.com
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