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USD/JPY

USD/JPY

The USD The USD The USD is the official currency of the United States of America. It is the largest reserve currency... More is the official currency of the United States of America. It is the largest reserve currency... More / JPY The official currency of Japan is the JPY The official currency of Japan is the JPY which is also knows as the Japanese Yen The official currency of Japan is the JPY which is also knows as the Japanese Yen The official currency of Japan is the JPY which is also knows as the Japanese Yen to investors and t... More to investors and t... More to investors and t... More which is also knows as the Japanese Yen to investors and t... More pair is the second highest traded currency pair amongst the major pairs, amounting to 17% of the total daily volume (the first is the EUR The EUR The EUR is the official currency of the European Union. Presently 19 out of the 28 collective  nati... More is the official currency of the European Union. Presently 19 out of the 28 collective  nati... More /USD pair). The USD sets the tone for the trade in this case, as it appears at the beginning of the currency trade which is called the base. In every forex trade, the second indicated currency is called the counter or quote currency.

The Japanese Yen (JPY), also known as “the gopher”, is the third major currency in the global market. Additionally, it is also one of the reserve currencies positioned after the USD, the EUR and the GBP The GBP The GBP is the official currency of the United Kingdom. The GBP is a major currency and currently ra... More is the official currency of the United Kingdom. The GBP is a major currency and currently ra... More . The JPY is considered to be a strong and relatively stable currency.

The USD/JPY pair also known as “ninja” is affected by external factors that influence the value of both currencies, in relation to each other and other currencies. The pair will fluctuate according to the interest rate differential set by the FED The Federal Reserve The Federal Reserve is the Central Bank of the United States of America and sets the monetary policy When used by traders and investors monetary policy When used by traders and investors monetary policy When used by traders and investors monetary policy usually refers to Central Bank policy concerning ... More usually refers to Central Bank policy concerning ... More usually refers to Central Bank policy concerning ... More ... More is the Central Bank of the United States of America and sets the monetary policy... More ( Federal Reserve The Federal Reserve The Federal Reserve is the Central Bank of the United States of America and sets the monetary policy... More is the Central Bank of the United States of America and sets the monetary policy... More ) and BoJ (Bank of Japan).

On March 7th, the pair started its recovery process after suffering from a downslide when it bounced back above 113. Traders reacted to the Japanese Q4 GDP releases, reflecting a slight improvement from Q3. Investors should stay observant as the resistance When investors and traders use the term resistance When investors and traders use the term resistance When investors and traders use the term resistance, or resistance level, they are often speaking abo... More , or resistance level, they are often speaking abo... More , or resistance level, they are often speaking abo... More stands at 144 while the support When investors and traders use the term support When investors and traders use the term support When investors and traders use the term support, or support level, they are often speaking about a p... More , or support level, they are often speaking about a p... More , or support level, they are often speaking about a p... More is seen at 112.75.

Currency traders should conduct technical The use of the term technical The use of the term technical The use of the term technical in trading usually refers to a variety of methods in which a trader or... More in trading usually refers to a variety of methods in which a trader or... More in trading usually refers to a variety of methods in which a trader or... More analysis before they enter each currency trade & use signals so they will be able to profit from such trades. MaxOptions provides each trader with the necessary tools to analyze the financial market and will always update you via your personal account manager and the blog on economic events.

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