Get started
UnknownUnicorn890690

USD/JPY slips on fears of Kim Jong-un

U.S. Dollar / Japanese Yen (FX:USDJPY)  
UnknownUnicorn890690  
FX:USDJPY   U.S. Dollar / Japanese Yen
Fundamental Analysis Parallel Channel Support and Resistance USDJPY usdjpyshort usdjpyanalysis usdjpy1hr usdjpysell usdjpyforecast usdjpy1hrs usdjpynews northkorea
0
0
fundamental parallelchannel supportandresistance usdjpy usdjpyshort usdjpyanalysis usdjpy1hr usdjpysell usdjpyforecast usdjpy1hrs usdjpynews northkorea
Morning outlook - USD/JPY slips on fears of Kim Jong-un

  • Over the last couple of weeks, movement of the USD/JPY currency pair was strongly affected by news coming from the Korean peninsula. The same thing happened today as well. In result of a successful test of a hydrogen bomb, the Yen started to actively recover against the Greenback.

  • These growing fears drove the pair straight through a combination of the weekly and monthly PP around 109.75 as well as the 100- and 200-hour SMAs. As a result, now the rate has no any obstacles on its way up until the updated weekly S1 at 108.80.

  • Consequently, the bears are expected to continue to dominate the market at least until the pair will encounter the above support.

Related Ideas

UnknownUnicorn890690
XAU/USD tries to leave channel up
UnknownUnicorn890690
EUR/CAD changes sentiment
UnknownUnicorn890690
AUD/CAD goes for reversal
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.