JPY

USD | JPY is traded with a slight increase, which is a technical correction after a long decline. It is possible that in the morning growth of pair will continue because of low volume of trading and lack of holidays in many countries.
Technical analysis shows that after a long time the price can grow up to 111.80 (50% of the downward movement), after that the decline will resume. But America should stop lowering interest rates for such a strong growth. Examining the fundamental analysis in the United States a few more downwards are possible, so this growth is not expected soon. ...
Full text is here: PoltekFX Analytics » Blog Archive » Review of FOREX 21.03.08