Daily Analysis usd/jpy - Monday, 23/03/2015
There is no economic data today chest of the Japanese economy
On the other side, the US dollar has seen during the previous trading from last week's severe confusion in the movement against a basket of currencies between the rise and fall of the impact of uncertainty about the Fed raising the relative interest rates and after a lot of US data flow, which showed a decline, which expressed concern about the course of the economy After the lifting of the US quantitative easing
On the other hand, some remains attributed these declines to bad weather during the last period and the expected return of economic indicators to rise and improvement of the new so during the coming period will be monitoring all US economic data, without exception, and closely until the next tracers expectation of the resolutions of the US Federal
Today promptly at 14:00 GMT, will be issued and existing home sales forecast results Chiraly rise from 4.82 million to 4.91 million on a monthly basis, and in promptly at 4:20 pm with modern Fisher committee member Federal Reserve
Technically: the dollar yen pair to levels uptrend again Frame Daily with re bearish broken trend test at 119.75 levels during the day and we expect as long as we are trading higher levels uptrend continued to climb on the pair until the 120.70 level then 121.50 in the case of pussy rookie levels trend and closing below candle day turn to selling the pair to target the 118.40 level at the very least ..
