USD/JPY has come under extra downside pressure at the beginning of the week and it has breached the 102.00 mark, area last visited in November 2016 as safe haven demand keeps the pair and yields depressed, Pablo Piovano from FXStreet reports. Key quotes “The downside pressure on US yields have dragged yields of the 10-year reference to fresh historic lows once again. “The negative view on the pair looks unchanged, at least in the short-term scenario, as speculations on the likeliness of another interest rate cut by the Federal Reserve at the March 17-18 meeting remain on the rise.” “There are limited chances of a recovery in USD/JPY, leaving occasional bullish attempts as selling opportunities.” “A breach of Monday’s lows in the mid-101.00s should expose the next support of relevance at 101.19 (monthly low November 2016) ahead of the psychological 100.00 barrier.” 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 Ethereum Classic Analysis: ETC/USD soars 8% as Bitcoin bleeds under $8,000 FX Street 2 years USD/JPY has come under extra downside pressure at the beginning of the week and it has breached the 102.00 mark, area last visited in November 2016 as safe haven demand keeps the pair and yields depressed, Pablo Piovano from FXStreet reports. Key quotes “The downside pressure on US yields have dragged yields of the 10-year reference to fresh historic lows once again. “The negative view on the pair looks unchanged, at least in the short-term scenario, as speculations on the likeliness of another interest rate cut by the Federal Reserve at the March 17-18 meeting remain on the rise.” “There… 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.
