Analysis USD JPY:
USDJPY The trend marks a clear lateral oscillating within a channel which was pierced by the price slightly but is quickly placed back inside.
When looking for signs the first element to be analyzed are moving averages of these seem to give a sell signal since the crossing showing the same but this verdict does not seem to find support within the indicators and the RSI is in a zone of indifference which stands at 50.33. In the case of the low target value is estimated to stand at 80.67.
The channel support is at 80.82 while resistance is at 84.41.
The volume is found in high levels within the range which runs from March 16 this year.
For the week this is expected macroeconomic data presentation as well as major trading that could alter the course of the currency.
The value of the Yen is not in line with expectations and desired by the government to deal with Nippon reconstruction costs.
