USD/JPY remains under the pressure from risks
With the persistence of trading risks and constant criticism by the US President D. Trump of the Fed’s monetary policy, the prospects for lowering key interest rates in the United States remain very significant. Therefore, from the USD/JPY pair it is expected to resume the downward trend.
Deals for sale should be considered below the zone: 108.30-20.
This will indicate a resumption of the decline in this pair and will open the way to support levels: 107.80 and 107.50. Resistance levels are located at the levels: 108.50 and 108.70, updating of which cancels expectations for reduction.
Read also: “The economy of Japan in the conditions of a long
ultrasoft monetary policy”
Hanzenko Anton
Earn with the help of the trade service on the news Erste News!
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