USDJPY Analysis: Rising current account surplus in Japan bullish for USDJPY

April 8, 2020

By IFCMarkets

Rising current account surplus in Japan bullish for USDJPY

Current account surplus rose in Japan in February: current account surplus rose to 2.38 trillion yen from 1.63 trillion in January, when a decline to 2.02 trillion yen was forecast. This is bullish for USDJPY.

Indicator VALUE Signal
MACD Buy
Stochastic Neutral
Donchian Channel Buy
MA(200) Buy
Fractals Buy
Parabolic SAR Buy

 

Summary of technical analysis

Order Buy
Buy stop Above 109
Stop loss Below 108.6

Market Analysis provided by IFCMarkets


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