1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

USD/JPY holds near 110 barrier

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 6, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    Yesterday, equities and oil slumped, bringing risk‐off sentiment again to the forefront. European eco data were weak, while IMF chief Lagarde was downbeat about the outlook for global growth. The yen was the main beneficiary, while also the Swiss franc and gold advanced. USD/JPY extended Monday’s losses and tumbled from 111.35 to an intraday low of 109.95 even as there were rumours about BOJ policy easing in April. At the close, USD/JPY was quoted 110.34, down from 111.34 at the previous

    Continue reading...
     
  2. Eliza Abrams

    Eliza Abrams Well-Known Member Trader

    Joined:
    Mar 11, 2016
    Messages:
    97
    Likes Received:
    0
    A breakout below 110 could lead to a further drop to 104.
     

Share This Page