USD/JPY Forex Picks Of The Day
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The dollar-yen pair witnesses two-way trades in Asia, fluctuating between gains and losses amid thin liquidity conditions and persistent weaker tone seen behind the US dollar across the board.
While the Japanese stocks remain under pressure, despite a record $ 830 billion spending budget announced by the government for FY 2017/18, underpinning the yen’s appeal as a safety bet.
Over the last hour, the major spiked to 117.71 highs on the Japanese budget announcement, although quickly erased gains in response to some selling seen in the US treasury yields across the curve. The spot is last seen changing hands around 117.55, almost unchanged on the day.
Currently, USD/JPY is going down in Forex Market.
Our Recommendation:
SELL USDJPY 117.70 TARGETS 117.45 117.15 STOPLOSS 118.
OUR 1ST TARGET HAS HIT IN USDJPY 117.45 KINDLY BOOK PROFIT IN IT.