NEWS / Foreign Exchange

Forecast for the USDJPY trading in the coming days

The yenmake a pause during the last two days recovery against the dollar to levels of117.60. But after that the traders again continue to sell yens. The tradingstarts to move again to levels of 120. The yen recovery to 117.60 was based onspeculations that Bank of Japan will hike the interest rates in the coming months.At the same time the speculations are for Fed interest rates cut. But the Japaneconomy remain weak and the indicators continue to show not satisfy growth. Theyen fell to 118.76 during the Friday Asian session. In the coming couple ofdays the expectations push the yen down to 120 levels and above.