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FX.co ★ Difficult road to Fujiyama

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Forex Analysis:::2018-05-25T06:12:07

Difficult road to Fujiyama

USD / JPY

Unfortunately, the yen lost technical support at 110.05, which happened with the cancellation of Donald Trump's scheduled meeting with Kim Jong-un in Singapore. Stock indexes sat down (Dow Jones -0.30%), geopolitical risks increased, and the yen fell by 80 points.

In the morning, consumer price indicators for metropolitan Tokyo came out. In May, the CPI fell from 0.5% y / y to 0.4% y / y, the core CPI decreased from 0.6% y / y to 0.5% y / y. Despite this, Nikkei225 adds 0.08%, after it grows and the yen, adding more than 30 points. But further growth incentives for the yen are lost. On Monday, it is a holiday in the US and political optimism will not manifest itself in the markets. While we wait for the lateral trade on the yen in the range of 108.65-110.05.

Difficult road to Fujiyama

Analyst InstaForex
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