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The yen shot to a one-month high against the dollar on Tuesday after softer-than-expected U.S. manufacturing data prompted investors to sell the greenback.
But further gains for the Japanese currency could be limited as investors wait to see what the Bank of Japan (BOJ) will deliver at its April 3-4 policy meeting.
Be prepared before you start trading with your money! Here you can find some useful tips that will help you to be a better trader. Be patient, don’t expect to be rich quick. Forex trading […]
Technical analysis USDJPY changes direction to bullish as it breaks below the 50h MA. The pair hit the daily high at 111.59 during the Draghi speech, but sellers took control and driving the pair to […]
The less than hawkish FOMC report send the pair below the 116 level hitting the lows at 115.57 crushing all supports. The technical picture is deteriorating for USDJPY and have already lost 200 pips […]
