In currency trading the Asian session today (31-03), looks Yen weakened against the U.S. Dollar. Pair USD / JPY is currently engaged in the range of 93.40.
Global economic recovery continued to improve, particularly from the United States made the demand for safe haven currencies Yen reduced. Additional stimulus at 10 trillion yen also seems to take a role in the weakening yen.
The highest level at 93.75 last 3 months will soon be reached. Both technical, USD / JPY if the opportunity to test the 97.10 level through the highest level, but currently there is an indication of overbought, so the correction is potentially occurred at the range before the strengthening of U.S. Dollar against Yen continues.
USD / JPY rose to the level of opportunity through resistance at 93.75 if the 93.30 level. Weakening U.S. Dollar against Yen can occur if the past level of support at the 92.70 level to 92.10.
Related Post
Related posts:
- Australian Dollar Weakens, Not Able to Highest Level Penetrating Last 5 Months
- Australian Dollar Near Highest Level 5 Last Month, Optimism Global High Enough
- Position Statements After Euro Reaches Highest in 2 Months.
- Yen Correction After Rally to Highest Level in 15 Years.
- Stronger Yen, Tankan Manufacturing Index Highest 2 Last Year.