Technical analysis of USDJPY dated 13.04.2016

USDJPY is affected by M2 Money Stock y/y and PPI y/y in Japan and 10-y Bond Auction, the Beige Book and the Crude Oil Inventories m/m in the US. The pair had a growth since 11th of April and now is staying neutral. The price is under the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is signaling a horizontal trend while the Kijun-sen is showing a price fall. The MACD indicator is in negative territory as the price is correcting but the RSI is staying at 50 level not deciding where to go. The EMA of 50 is above the EMA of 10 which confirms the rate decrease in recent days. Short positions are recommended targeting 107.40


https://fxglory.com/technical-analysis-of-usdjpy-dated-13-04-2016/