USD/JPY Forecast April 4, 2017, Technical Analysis

The USD/JPY pair continues to be volatile, as we have tested the 200-day moving average yet again on Monday. This is a market that looks as if it wants to go back towards the 110 level, but with all the moving headlines right now, we could turn around just as quick. This is probably better left alone currently, but I do think that there’s a significant amount of support at the 110 area just waiting to happen. Today has been very negative for equities in general, so that of course has a negative effect on this market.

Eracash.com - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. Eracash.com bears no responsibility for any trading losses you might incur as a result of using any data within the Eracash.com