USD/JPY
There is growing concern among Japanese industrialists about the prospects for economic growth amid rising commodity prices and the coronavirus outbreak in Asia. Working out the reaction to the statistics, which showed a decrease in confidence in the country's economy, is almost completed, but the trade interest in buying remains. The growth scenario can be considered after a retest of the zone above 136.00/50, with a confident breakdown of 133.20/00 we will fall to the protection zone of 130 and below.
There is growing concern among Japanese industrialists about the prospects for economic growth amid rising commodity prices and the coronavirus outbreak in Asia. Working out the reaction to the statistics, which showed a decrease in confidence in the country's economy, is almost completed, but the trade interest in buying remains. The growth scenario can be considered after a retest of the zone above 136.00/50, with a confident breakdown of 133.20/00 we will fall to the protection zone of 130 and below.