Yen TRADING Outlooks Today

Forex market trading session of Asia for the exchange rate of the yen Thursday (7/04) resumed the rally the previous trade that has already lasted for 4 days of successive, after briefly trading previously corrected from the Asian session to session. The rally this morning in addition to strong sentiment gets from the March FOMC meeting treatise also got the power of Japan foreign exchange reserves data for March are increasing.

Ministry of finance Japan Announces foreign exchange reserves (cadev) such country for the month of March was at the position of US $ 1262,1 billion or natural increase from previous month cadev only US $ 1254,1 billion. In addition the same Ministry also announces increase in foreign investment data on stock trading Japan for trade last week.

Regarding the strong sentiment of the Fed FOMC meetings, treatise of March showed the American central bank caution signal to resume interest rate hikes already set at the last meeting a year ago to raise rates four times 2016. But in the treatise the Fed would only raise rates twice and there may be raised before June, consequentlythe u.s. dollar depressed.

The movement of the exchange rate of yen in the Asian session (02:50:35 GMT) strengthened against the u.s. dollar, USDJPY opened weak at 109.78 in early trade (00.00 GMT), the exchange rate of the yen up 50 pips or 0.2% and value pair is rolling on 109.28.

For the movement of the pair to the end of trading, analyst Vibiz Research Center estimated the pair USDJPY can be dropped on to the range 190.62 -107,66, but if it happened 109.99 range rising to correction-110.57.