USD / JPY pair
The tragedy of the collapse of the yen is difficult to describe. In one week, the price lost 575 points, which was the minimum of 2018 and 57% of the total annual growth. The reason for this was the weekend in Japan where orders of major players in the market simply did not exist, they were removed before the New Year holidays, disabling the market makers to provide liquidity to their currency. The fall in price has fundamentally changed the technical layout. A lot of resistance has appeared before the price and growth is expected to be difficult and complicated, especially in conditions of turbulence in stock markets.
Today, the US expects data for December. The hourly rate of 0.3%. We're waiting for you to go in stock. Yesterday, the S & P 500 lost 2.48% on the panic around Apple and the yen will grow to closest goals of 109.42 as the daily price channel line of resistance and 110.00 at MACD line on H4 chart.
The material has been provided by InstaForex Company -
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