Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
USD/JPY: Dollar entered inside a negative area
2019-11-11 • Updated
Technical levels: support – 106.50; resistance – 107.00.
- Sell — 106.80; SL — 107.00; TP1 — 106.10; TP2 — 105.30.
Reason: bearish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal and narrowing channel Tenkan-Kijun; the bears are breakdown the support of Senkou Span A, Tenkan-sen and Kijun-sen and the market may continue existing downtrend.
What happened? Historically investors treated the Japanese Yen as a safe haven in times of world crisis…
This article will analyze the possible scenarios for the EU, and what's more important, look at the charts. There is a lot to see, let's go!