USD/JPY is technically bearish in the near-term and could extend its slump to sub-109.00 as pressure mounts on the greenback, Valeria Bednarik, Chief Analyst at FXStreet, reports. See – USD/JPY: Improving domestic data to limit yen depreciation – CIBC Japanese data showed signs of economic progress at the end of Q1 “Japanese data released at the beginning of the day was generally encouraging. The March Producer Price Index was up 0.8% MoM and 1% YoY, beating expectations. Machine Tool Orders in the same month increased 65%, largely surpassing the previous 36.7% advance.” “The upcoming American session will bring a 10-year Note Auction and a speech from Fed’s Eric Rosengren.” “The USD/JPY pair is set to extend its decline in the near-term, as the 4-hour chart shows that the slide extends below the 20 and 100 SMAs, with the shorter one accelerating south.” “The pair bottomed this month at 108.99, the level to break to confirm a steeper decline.” 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 US Dollar Index Price Analysis: Remains supported around 92.00 FX Street 2 years USD/JPY is technically bearish in the near-term and could extend its slump to sub-109.00 as pressure mounts on the greenback, Valeria Bednarik, Chief Analyst at FXStreet, reports. See - USD/JPY: Improving domestic data to limit yen depreciation - CIBC Japanese data showed signs of economic progress at the end of Q1 "Japanese data released at the beginning of the day was generally encouraging. The March Producer Price Index was up 0.8% MoM and 1% YoY, beating expectations. Machine Tool Orders in the same month increased 65%, largely surpassing the previous 36.7% advance." "The upcoming American session will bring… 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.
