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
Resistance levels : 114,00 – 114,75
- Date: 28 January 2017 Sat 16:21
Comment Send
Similar Threads:
-
Forecasts USD/JPY Parity in MAY 2017
-
FEBRUARY 2017 Forecasts USD/TRY Parity
-
Forecasts CRUDE OIL Market in MAY 2017
-
First 2017 Signals of Coal Market
-
FEBRUARY 2017 Forecasts GOLD Market
-
First 2017 Signals of Silver Market
-
First 2017 Signals of Brent oil Market
-
Forecasts USD/TRY Parity in MAY 2017
-
First 2017 Signals of Sugar Market
-
MARCH 2017 Forecasts of USD/JPY Market
- Popular
- Last Added
-
French Presidential elections are affecting the positive atmosphere on Euro
French Presidential elections are affecting the positive atmosphere on Euro... -
Inflation rate is testing record levels in Turkey
Inflation rate is testing record levels in Turkey... -
Non-farm payrolls data of the USA increased
Non-farm payrolls data of the USA increased... -
Fed's politics interest decision gives direction to the global markets
Fed's politics interest decision gives direction to the global markets... -
Oil market is trying to find a direction
Oil market is trying to find a direction at the last times....