Has the US dollar correction already ended? USD/JPY went all the way from the round 114 line to the previous highs at 115.50 and continued higher, rising to 115.73 at the time of writing. The high so far is 115.79. Can it reach 116 soon? Is 120 not too far away? Japan’s current account showed a larger than expected surplus of 0.43 trillion for September. A marginal surplus of 0.03 trillion was expected. Earlier, Japan’s economy watches index actually dropped from 47.4 to 44 points in April. The government says the economy is showing signs of weakness. Well, perhaps this could trigger more stimulus from the Bank of Japan. Bankruptcies in Japan recorded a drop of 16.57% year over year, after rising 0.85% in September. This is a third tier indicator. There are rumors that Japanese PM Shinzo Abe may dissolve the parliament in Tokyo on the background of the delay of the second tax hike. Sources continue saying that the next tax hike will likely be delayed. The Japanese yen is falling also against the Australian and Canadian dollars, setting new multi-year lows against these commodity currencies, which aren’t doing too good against the greenback themselves. For more, see the Japanese yen forecast. Here is how it looks on the chart:: Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next AUD/USD slips below 0.86 on gloomy iron forecasts, despite Yohay Elam 8 years Has the US dollar correction already ended? USD/JPY went all the way from the round 114 line to the previous highs at 115.50 and continued higher, rising to 115.73 at the time of writing. The high so far is 115.79. Can it reach 116 soon? Is 120 not too far away? Japan's current account showed a larger than expected surplus of 0.43 trillion for September. A marginal surplus of 0.03 trillion was expected. Earlier, Japan's economy watches index actually dropped from 47.4 to 44 points in April. The government says the economy is showing signs of weakness. Well, perhaps this… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.