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USD /JPY: A Steeper Declined Coming? *Update*

Discussion in 'Technical Analysis' started by ActionForex.com, May 20, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    The USD/JPY bounced off the 38.2% Fib level and is headed back towards the 0.0% level to possibly continue the original trend. The decline was ignited by the release of preliminary GDP figures for Q1 with Japan producing better than expected results of -4.0% vs and expected -4.2%.

    complete article here...

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