The USDJPY continues to fluctuate within a horizontal channel launched in September 2009 although, as expected, since mid-March to present very large variations introduced due to the effects of the earthquake of March 11.
At the moment, we can forecast a loss of torque to levels close to 80.30 and in case of transfer that value to a second floor is located around 80. The RSI is displayed in a zone of indifference as 41.23 marks. This also is supported by the moving averages that do not show a clear signal to buy or sell because they are adjoining but without evidence of any crossing. We must wait for the first movements during the opening session to find some data.
For this week, more precisely on Friday, waiting for the decision of the Bank of Japan on the interest rate. As recently published during the last trading session of the week is expected to see effects in the next.
