Quotations of the US dollar to Japanese Yen USD/JPY continued to fall in line with expectations and our USD/JPY outlook for each day. It is worth waiting for an attempt to continue the decline in the area below the level of 109.50. In favor of the fall is the breakdown of the ascending support line on the indicator of relative strength.
USD/JPY Forecast Japanese Yen on April 5, 2017
The cancellation of the fall of the pair of Yen Dollar quotations will trigger a breakdown of the upper boundary of the descending channel with the closing of quotes above the area of 111.50.
Among the important news from Japan, which can influence the rate of the Japanese Yen, it is worth highlighting, the Index of business activity in the services sector, Composite Index PMI.
USD/JPY Forecast Japanese Yen on April 5, 2017 suggests an attempt to continue the decline in the area below the level of 109.50 as part of working off the broken trend line on the indicator of relative strength.
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