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Yen is undertaking a task

24 November 2015, USD/JPY

Recent events around currency pairs gave a good clue for the future of the Yen.

The Japanese had been giving its positions for a protracted period of time, but it suddenly began to resist the US dollar, and all this happened when the US currency was consplidating against most other currencies.

From this we can assume that in the future we may expect continuation of decline of the pair which began timidly.

I added one more Sell trade to the one open earlier and now I have to wait for further developments.

Yen is undertaking a task

Vasiliy Lukin
FreshForex Analyst
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