The dollar yen an overview on 25/04/2016
Differential yields on US and Japanese government securities expanded, thus increasing the attractiveness of investing in US assets. Directorate of the Bank of Japan is considering the possibility of financial assistance to financial institutions by introducing negative interest key rate on certain loans.
In the area of 111.40 is the first support below - 110.60. In the area of 112.20 is the first resistance, above - 113.00.
Price is above the Ichimoku cloud, Chinkou-Span is above the price level. Tenkan-sen and Kijun-sen shows the growth.
The MACD histogram is in the positive zone. The price is rising.
Dollar pair has received upward momentum. The pair immediately struck three levels. Growth could slow this week, and the pair may revert to mileage level: 111.40 and 110.60.
Source Fort Financial Services