Quotations of the currency pair US Dollar to Japanese Yen USD/JPY completed the trading week at 109.06. The pair continues to move within the descending channel and expect an attempt to update the local minimum area.
USD/JPY Forecast Japanese Yen on April 24 — 28, 2017
In favor of falling quotes of the pair, the Dollar Yen will perform a tight test of the descending line of the trend on the indicator of relative strength. With the breakdown of this line, one should expect the USD/JPY pair to fall and start growing above 112.00. In the case of breakdown of the region 106.50, it is expected to accelerate the fall of the pair.
Among important news from Japan in the next trading week that can influence the currency rate of the Dollar Yen is worth highlighting, the decision on the interest rate of the Bank of Japan, the annual increase in the monetary base, the Commentary on Monetary Policy, the Bank of Japan press conference on April 27, 2017 Year, the consumer price index on April 28, 2017.
USD/JPY Forecast Japanese Yen on April 24 — 28, 2017 involves an attempt to attempt a fall to the area below the level of 107 within the rebound from the descending line of the trend on the indicator of relative strength, the abolition of the fall option will be the breakdown of the area of 111.00.
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