USD long against JPY
2020-01-10 13:49:14
Attractive opportunities or US dollar - Japanese yen currency pier today. Based on technical analysis the pattern Right Triangular with T1 and R1 is giving strong buy signal for US currency, but need to wait a crossing of resistance level R1 - 109.73. Japans GDP growth rate was gradually decreasing from 2017 from 1.1% to 0.4 % (third quarter of 2019), so for the long term forecast US dollar is stronger.