Overview of the dollar against the yen on 04/13/2016
The dollar, the yen has made efforts to increase against the background of the Japanese verbal intervention of the Central Bank. H. Kuroda, head of the Bank of Japan said that there are plans to implement additional stimulus measures.But the Japanese yen is still not paying attention to the authorities' attempts to put pressure on the course. nat. currency. In the United States came to the export and import price reports (0.0% m / m and 0.2% m / m vs. -0.2% m / m and 1.0% m / m, respectively).
The dollar, the yen recovered and was able to break the mark 108.20 upwards.
In the area of 108.20 is the first support below - 107.40. In the area of 109.00 is the first resistance, above - 109.80.
The signal to sell the pair dollvr / yen is strong and confirmed. The price is below the Ichimoku cloud and Chinkou-Span is above the price level. Tenkan-sen shows the horizontal movement and the Kijun-sen - downward. The urgency of the downward movement will continue as long as the price is below the Ichimoku cloud.
Histogram MACD is in the negative zone. The price is adjusted.
Mark 108.20 act as the nearest Target on the path of decline. After her breakout pair may decline to 107.40.
Source Fort Financial Services