-
USD/JPY Forecast: The US dollar is still declining
Throughout Friday's trading session, the US dollar declined slightly as the jobs report was slightly below expectations. Nevertheless, the longer-term uptrend is still firmly in place. This is a market that will continue to see a lot of movement based on the interest rate situation – which is a bit in flux at the moment.The US dollar has depreciated considerably versus the Japanese yen during Friday's trading, as traders appear to be placing bets on the Federal Reserve cutting rates in response to the disappointing jobs report. Nevertheless, the difference in value between these two currencies is still enormous, ... (full story)