The currency pair US Dollar to Japanese Yen USD/JPY continued growth development and at the moment tight are testing the area of the upper border of the descending channel. It is worth waiting for an attempt to rebound from the border of the channel, as well as from the area of resistance. The purpose of the fall may be a level below the area of 1110.85.
USD/JPY Forecast Japanese Yen on April 3, 2017
In favor of lowering the quotations of the pair, the Yen Dollar will break through the upward trend line on the relative strength indicator, which will indicate the acceleration of the USD/JPY pair price fall.
Among the important news from Japan, which may affect the rate of the Japanese Yen, it is worth noting, the Consumer Price Index, the Activity Index in the sector of large producers Tankan, the Activity Index in the non-productive sector of Tankan, and the Forecast values of the Tankan index for large enterprises in the manufacturing sector Expect growth in volatility in pairs with the participation of the Japanese yen at the time of publication of the data.
USD/JPY Forecast Japanese Yen on April 3, 2017 involves a rebound attempt from the upper boundary of the downward channel and the fall of quotations in the area below the level of 110.85.
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