The demand for the Japanese currency rose as investors flocked to safe assets. New signs of uncertainty in Britain and the prospects of the Central Bank of Italy, contributed to the rise of the yen.
USD / JPY The pair came under pressure after traders began to take profits. The pair fell, and set a new local minimum in 101.40. The resistance is at 102.50, support - at 101.40.
MACD and RSI indicators continue to give a sell signal. MACD down, RSI approached the oversold zone. The pair moved away from the moving average 50 at the 4-hour chart. The moving averages (50, 100, and 200) are moving in the downstream direction and serves for sale signal.
Forecast exchange rate USD / JPY today
The pair is under pressure, in the case of the continuation of the level of sales and breakdown 101.40 downward movement may continue for the purpose at the level of 100.30.
Based on materials from Fort Financial Services