Tuesday 3rd, March 2015
Intraday Support & Resistance Levels
Technical Indicator Signals
Currency Pair Spotlight
USDJPY: The Dollar Yen rose above the 120 mark as participants again increased their speculations on further easing coming from the Bank of Japan. Japanese economist Yuji Shimanaka, who successfully predicted BOJ’s easing in last October, warned that BOJ may surprise the market again in April as inflation level falls to zero. A confirmed breakout of the 3-month consolidation wedge will imply a significant rise of USDJPY. Former highs of 120.50 will be watched.
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