The USD/JPY pair finished higher on the week, though it remains well below its peaks of mid and late March, as moderate risk aversion still orders markets, FXStreet’s analyst Joseph Trevisani reports. Key quotes “The USD/JPY is positioned between the extremes of 112.00 and 111.00 in the third weeks of February and March and the low of 103.00 on March 9 and 10.” “Industrial production was riding a five-month losing streak in February before the global viral shutdown and though retail trade in February and the Tankan Survey were better than predicted neither chronicle the impact of China’s economic closures in March.” “The extensive movement of the last six weeks has left plentiful lines of support and resistance with the caveat that in fundamental markets technical considerations are easily trumped by market developments and news.” “Resistance: 109.35, 109.60, 110.20. Support: 107.85, 107.10, 106.60.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD: Prospects for the resumption of the bearish trend FX Street 2 years The USD/JPY pair finished higher on the week, though it remains well below its peaks of mid and late March, as moderate risk aversion still orders markets, FXStreet’s analyst Joseph Trevisani reports. Key quotes “The USD/JPY is positioned between the extremes of 112.00 and 111.00 in the third weeks of February and March and the low of 103.00 on March 9 and 10.” “Industrial production was riding a five-month losing streak in February before the global viral shutdown and though retail trade in February and the Tankan Survey were better than predicted neither chronicle the impact of China’s economic closures… 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.
