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9.4.2014 technical depth report of USD/JPY
An enormous shift towards the yen as Bank of Japan chief Kuroda gave no hints over new financial stimulation at the top of the monthly BoJ meeting. This has seen Dollar/Yen pull sharply lower and breach the one hundred and one.71 key low. Considering wherever the dollar was commerce simply on weekday last week it looks unbelievable that I currently have to be compelled to point out the support of the rising a hundred and forty four day moving average and therefore the primary uptrend. The a hundred and forty four day moving average (currently one hundred and one.55) was hit nearly bang on long before a rebound, whereas the first uptrend is presently slightly lower at one hundred and one.30 however still value a mention as these square measure 2 future key shopping for chance levels.
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