The Japanese yen had a quiet week, as Dollar/yen was unchanged. The upcoming week’s highlights include U.S. retail sales and unemployment claims. . USD/JPY fundamental mover Japanese household spending posted a fifth straight decline in February. However, the indicator dropped just 0.3%, compared to a 3.9% decline in January. Core machine orders posted a second straight gain, with a gain of 2.3% in February. This easily beat the forecast of -2.3 percent. In the U.S., unemployment claims hit a shocking level for a second straight week, hitting 6.60 million. This was higher than the estimate of 5.0 million. The week ended on a sour note, as consumer inflation declined by 0.4% in March, the first decline since December 2018. Core CPI fell by 0.1%, after a gain of 0.2% a month earlier. See all the main events in the Forex Weekly Outlook Key news updates for USD/JPY Updates: USD/JPY Technical Analysis We start with resistance at 111.69. 110.62 is next. 109.73 is protecting the 110 level, which has psychological significance. 108.70 (mentioned last week) is next. 108.10 is an immediate support level. It could see action early next week. 107.30 is the next support level. 106.61 has held in support since mid-March. 105.55 follows. 104.65 is the final support line for now. . USD/JPY Daily Chart USD/JPY Sentiment I remain bullish on USD/JPY The U.S. dollar has emerged as the primary safe-haven asset in the current crisis, outshining the yen. The greenback has performed fairly well despite some appalling job numbers and the outlook for the dollar remains positive. EUR/USD forecast – for everything related to the euro. GBP/USD forecast – Pound/dollar projections. AUD/USD forecast – analysis for the Aussie dollar. USD/CAD forecast – Canadian dollar predictions. Forex+ weekly forecast – Outlook for the major events of the week. Safe trading! Kenny Fisher Kenny Fisher Kenny Fisher - Senior Writer A native of Toronto, Canada, Kenneth worked for seven years in the marketing and trading departments at Bendix, a foreign exchange company in Toronto. Kenneth is also a lawyer, and has extensive experience as an editor and writer. Kenny's Google Profile View All Post By Kenny Fisher MajorsUSD JPY ForecastWeekly Forex Forecasts share Read Next Forex Today: Dollar week as mild-optimism prevails FX Street 2 years The Japanese yen had a quiet week, as Dollar/yen was unchanged. The upcoming week's highlights include U.S. retail sales and unemployment claims.. USD/JPY fundamental mover Japanese household spending posted a fifth straight decline in February. However, the indicator dropped just 0.3%, compared to a 3.9% decline in January. Core machine orders posted a second straight gain, with a gain of 2.3% in February. This easily beat the forecast of -2.3 percent. In the U.S., unemployment claims hit a shocking level for a second straight week, hitting 6.60 million. This was higher than the estimate of 5.0 million. The week… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
