USDJPY has consolidated below above key support at 107.6 and therefore we have changed our view to neutral unless the currency pair rises back above this level. However, with the continued uncertainty surrounding the coronavirus and seeing as the YEN is a safe haven coupled with aggressive FED stimulus measures we feel there is significant downward pressure on the currency pair.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.