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USD/JPY slips on fears of Kim Jong-un

Dólar Americano/Iene Japonês (FX:USDJPY)  
UnknownUnicorn890690  
FX:USDJPY   Dólar Americano/Iene Japonês
Fundamental Analysis Parallel Channel Support and Resistance USDJPY usdjpyshort usdjpyanalysis usdjpy1hr usdjpysell usdjpyforecast usdjpy1hrs usdjpynews northkorea
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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.

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