Hi Tview Friends, here is the update analysis for Yen fundamental and technical.
As the USD/JPY was supported last week by fears on low interest rates and investors buying safe-haven assets, the pair will be bearish as several factors, such as lower demand for risky assets, US Fed Chair Powell’s upcoming speech, US retail sales and good reports, and inflation reports are expected to drag the pair.
The Inflation Rate remains low by 0.20% and Interest rate -0.10%.
There was an increase in exchange rate by 0.97% or 1.078 from 28 February to 1 March.
Also, the cross moving average was seen above the price level, projecting a bearish engulfing during the last trading hours.
Meanwhile, the support level and resistance line are at:
S 110.675
R 111.532
Hit like and Follow
Cheers
As the USD/JPY was supported last week by fears on low interest rates and investors buying safe-haven assets, the pair will be bearish as several factors, such as lower demand for risky assets, US Fed Chair Powell’s upcoming speech, US retail sales and good reports, and inflation reports are expected to drag the pair.
The Inflation Rate remains low by 0.20% and Interest rate -0.10%.
There was an increase in exchange rate by 0.97% or 1.078 from 28 February to 1 March.
Also, the cross moving average was seen above the price level, projecting a bearish engulfing during the last trading hours.
Meanwhile, the support level and resistance line are at:
S 110.675
R 111.532
Hit like and Follow
Cheers