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Yen Supported by Two Enormous Uncertainties; USDJPY Downtrend Could Prolong

Havens Nonetheless Required

The Japanese Yen has headed into a brand new calendar quarter on a excessive observe, with its customary haven position underscoring demand which has introduced USD/JPY all the way down to its 2019 lows.

The forex has been supported by a variety of financial uncertainties, of which two loom the most important. The primary is the continued commerce dispute between the US and China. There was some cooling of rhetoric on this topic from each side as Could has slipped into June. A sturdy settlement clearly stays elusive, however any headlines suggesting that such an finish is being actively and amicably sought might nicely see threat urge for food revive, in all probability to the detriment of the Yen.

To learn the total Japanese Yen Forecast, obtain the free information from the DailyFX Buying and selling Guides web page

Technical Evaluation: USDJPY Downtrend Could Prolong into Third Quarter

Within the second quarter USDJPY technical forecast, I outlined a few brewing bullish and bearish candlestick formations which may have outlined the outlook for months to return. On the time, value motion hinted that the extra probably state of affairs can be a resumption of the dominant downtrend from 2015. Heading into the third quarter of 2019, that’s trying to be the extra probably consequence.

To learn the total Japanese Yen Forecast, obtain the free information from the DailyFX Buying and selling Guides web page

USD/JPY Month-to-month Chart

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