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 returned to negative area
2019-11-11 • Updated
Technical levels: support – 109.00; resistance – 109.50.
- Sell — 109.50; SL — 109.70; TP1 — 109.00; TP2 — 108.60.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen, the falling lines; the bears continue their offensive.
What happened? Historically investors treated the Japanese Yen as a safe haven in times of world crisis…
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