Quotations of the currency pair US Dollar to Japanese Yen USD/JPY completed the trading week at the level of 111.39. The pair is testing the breached border of the upward channel and at the moment the potential for falling of the Yen Dollar quotes to the area below the level of 107 is maintained. In favor of the drop is the breakdown of the upward trend line on the relative strength indicator, which also indicates the continued decline of the pair USD/JPY.
USD/JPY Prediction on April 3, 2017 — April 7, 2017
The abolition of the reduction option will be strong growth and a return of the pair to the inside of the rising channel, which will indicate the resumption of the upward trend in the pair.
Among the important news from Japan in the next trading week that may affect the currency rate of the Dollar Yen is worth highlighting, the activity index in the sector of major producers Tankan, the activity index in the non-production sector Tankan April 3, 2017, the index of business activity in the service sector, Composite Index PMI on April 5, 2017.
USD/JPY Prediction on April 3, 2017 — April 7, 2017 implies an attempt to fall below 107 level within the rebound from the broken border of the rising channel, the cancellation of the 112.60 area will be a cancellation.
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