Japanese coincident and leading indices set for release on Friday, March 7. The figures are forecast at 114.6 and 112.4 respectively. A worse than expected release could break the USD/JPY through resistance at the top of a February 2014 triangle. A better than expected release could reinforce resistance and break the pair to the downside, towards Monday lows around 101.26. the coincident index and leading index will be released Friday. If both come out bullish, then be ready for USD/JPY to break to the downside. The target would be 102 and then support at 101.75 an 101.26.
Written by Daniel Elo, Analys for www.EconomicCalendar.com
