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Technical Analysis on USDJPY

03 April 2018 Marios Athinodorou

Based on the Ichimoku system, it could be noticed that the price seems to consolidate, provided that it is taken into consideration that the price, the lines Tekan Sen and Kijun Sen, and the Chikou span, are in the cloud.

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Market focus

  • Eurozone PMI falls in March as manufacturing downturn deepens
  • Germany output growth at near six-year low as manufacturing downturn deepens
  • Chinese Premier Li stresses implementation of larger-scale tax cuts
  • Euro area current account surplus increased in January compared with December.

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