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.

IndicatorVALUESignal
MACDBuy
StochasticNeutral
Donchian ChannelBuy
MA(200)Buy
FractalsBuy
Parabolic SARBuy

 

Summary of technical analysis

OrderBuy
Buy stopAbove 109
Stop lossBelow 108.6

Market Analysis provided by IFCMarkets