wrapper

Last Added

French Presidential elections are affecting the positive atmosphere on Euro
Inflation rate is testing record levels in Turkey
Non-farm payrolls data of the USA increased
Fed's politics interest decision gives direction to the global markets
Oil market is trying to find a direction
We've completed a busy week after elections
Overall Market Analysis of April 2017
Forecasts EUR/USD Parity in MAY 2017
Forecasts GBP/USD Parity in MAY 2017
Forecasts USD/JPY Parity in MAY 2017

FEBRUARY 2017 Forecasts USD/JPY Parity

FEBRUARY 2017 Forecasts USD/JPY Parity

During the Asian session, we followed the Trade Balance data from the Japanese frontline. Foreign trade surplus in the country amounted to 641.4 billion yen, compared with a 270 billion yen expectation, along with the sharp rise in exports and the impact of imports' retrenchment. Even though the surplus of surplus over expectations has led to a slight retreat in the USD/JPY parity, the pair has maintained a strong outlook this morning.

Technically speaking, persistence above the 113.00 level is crucial for the USD/JPY's gains to be visible, with the numbers at 114.00 and 114.80, respectively. In the case of weak USD/JPY trading, 112.40 and 111.60 support levels can be followed. When we look at the February 2017 forecasts of USD/JPY parity, the first expectations will be a bit negative for the traders.

Support levels : 113,35 – 112,50
Resistance levels : 114,00 – 114,75

Date: 28 January 2017 Sat 16:21

Comment Send

Similar Threads: