Quotations of the currency pair US Dollar to Japanese Yen USD/JPY continue to test the resistance areas and at the moment there is a potential for the pair to continue to grow in the area above the 112.00 level. In favor of the growth of the pair’s quotations, the Yen Dollar will test the lower border of the channel and a tight test of the support line on the indicator of relative strength.
USD/JPY Forecast Japanese Yen on April 28, 2017
The cancellation of the option of continuing the growth of USD/JPY quotations will be the fall and breakdown of the area of 110.40, which will indicate that the quotes will continue to fall below 109.70.
Among the important news from Japan, which can influence the rate of the Japanese Yen, it is worth highlighting, the Consumer Price Index, the change in the level of household expenditure.
USD/JPY Forecast Japanese Yen on April 28, 2017 suggests an attempt to continue the growth of the pair’s quotations to an area above 112.00, in favor of the growth of quotations, a tight test of the support line on the indicator of relative strength will perform.
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