FX.co ★ The yen accelerates growth

USD / JPY

The Japanese yen found the strength to continue growing. The reflections of the Chinese government and the absence of sharp remarks by the US government stimulate easing tensions in the trade war between the US and China. In general, the US stock indices grew yesterday (Dow Jones -0.17%, S & P500 + 0.17%, Nasdaq + 0.72%), and today the Chinese market is growing in the Asian session: Shanghai Composite 0.03%, China A50 0.34%. The Japanese Nikkei 225 adds 0.71%. The yen added 30 points yesterday, and it continues its steady growth (23pt) today.

On the daily chart, the price was fixed above the red balance line of the price (the balance shifted in the direction of growth), the signal line of the Marlin oscillator went into the zone with positive values which is the growth zone. The target of the movement is the upper trend line of the price channel at 111.58.

On the 4-hour chart, the technical situation is very similar but the blue indicative line is updated, fixed on the price and indicates the strengthening of the trend.

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