USD/JPY De-risking Ahead of Trump-Xi Meeting

April 6, 2017

By Admiral Markets

As shown on Live Trading Session yesterday, the USD/JPY fell as expected boosted by overnight sell off in equities. Equities dropped due to de-risking ahead of Trump-Xi meeting, so we might see another bearish rejection on retracement. The POC 110.80-95 ( D H3, EMA89, ATR Pivot, trend line) could reject the price towards 110.18. Break below it should target 109.77 – the strongest daily support.

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Article by Admiral Markets

Source: USD/JPY De-risking Ahead of Trump-Xi Meeting

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