FX.co ★ The yen is cautious

USD / JPY

Just like with other currencies, the Japanese yen reacted neutrally towards the American military action in Syria. But today in the Asian session, investors decided to buy a little bit of the Japanese currency against the growth of stock indices for the time of clarifying the situation. The Japanese Nikkei225 index grew by 0.17%, and the Australian S & P / ASX200 + 0.23%. The Chinese market is declining but for other reason, which is the trade war with the United States along with the collapse of the trade balance on Friday (-30 billion yuan in the March estimate). The outlook for industrial production tomorrow, as well as investment in China, is negative. The Shanghai Composite is down by 1.50%. On Wednesday, Japan's trade balance for March shows a forecast of 0.10 trillion yen against -0.20 trillion yen in February.

We are waiting for the completion of the trading range of the yen within 107.00-108.00 and the rise to 108.50.

* The presented market analysis is informative and does not constitute a guide to the transaction.