USDJPY Mar 14 to Mar 18 Outlook

By News Robot

Lawrence’s Comment

Majority of the week was trapped within Y-0 to Y+1 as expected. The disaster just happened has brought the pair back down to Y-1 to close.

It is not a good idea to touch this pair until after the developing events are over. Technical reactions to every piece of news coming off the wire can spike it as high as Y+1 and drop it as low as B-2 or even to B-3. If no new shocks coming from Japan, then a drift towards B-0 is likely.


  • You must be logged in to comment. Log in