USD/JPY Technical Analysis: September 11, 2017 The U.S. dollar against the Japanese yen had a signi

ForexMart Mon, 09/11/2017 - 06:57

USD/JPY Technical Analysis: September 11, 2017



The U.S. dollar against the Japanese yen had a significant breakdown during the Friday session. Nevertheless, the market proceeds to move downward and a breakdown lower than 108.0 level gives a negative outlook. Hence, this could lead to a further decline and even lower than the 105 level. This gives a very pessimistic outlook and the concept of the Federal Reserve in not raising its interest rates for short-term would persist to have an effect on the market. It is next to monitor the equities which would also influence the next movement of the pair.
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USD/JPY Technical Analysis: September 11, 2017
The U.S. dollar against the Japanese yen had a signi