USD/JPY Daily technical analysis April 30, 2015


At yesterday's news the pair didn't distinguished by high volatility, trading corridor of 75 points, it is possible to influence public holiday in Japan. In recent weeks we have seen a series of negative data on the US, which puts pressure on the dollar and the yen strengthened accordingly. Today, will be held the press conference of the Bank of Japan. According to a currency strategist Yunosuke Ikeda, the Bank of Japan is likely to maintain its current policy, and will not take additional easing measures. However, attention is still paid to the upcoming press conference as Mr. Kuroda may declare additional incentive measures, and then the US dollar will over the initiative, and the pair will go up.

On the hourly chart there is a move in the corridor of downtrend. While the pair currencies does not break the resistance level of 119.20, the sale may be considered with the objectives of 118.70; 118.50; 118.30. When attaching the pair above 119.20 may open long positions to the following levels: 119.40; 119,70.

USD/JPY Daily technical analysis April 30, 2015

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