Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

Another Lamborghini from InstaForex!Maybe it will be you who will take the keys!

Just make a deposit of at least $1,000 to your account!

Get the best trading conditions and attractive bonus offers! We have already given 6 legendary sports cars! But it does not stop there! The next Lamborghini Huracan of the latest generation may be yours!

InstaForex – invest in your victories!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

InstaForex Bonuses

InstaForex Bonuses

USD/JPY has been quite non-volatile amid the bearish trend as it broke below 111.00 price area with a daily close. Recently, USD/JPY has been quite making corrective moves amid volatile trade in light of mixed economic labor reports published on Friday. Ahead of the upcoming rate hike this month, USD is expected to gain impulsively over JPY whereas the market got into correction and indecision. The US Unemployment Rate remained constant at 4.1% which was expected to decrease to 4.0% and Average Hourly Earnings decreased to 0.1% from the previous value of 0.3% whereas Non-Farm Employment Change increased to 313k from the previous figure of 239k. Though the Employment Change report was published with a surplus, unchanged Unemployment Rate and a decrease in Average Hourly Earnings explain that the employment development was observed in the lower boundary jobs rather than high impact economic development jobs. This week, US Retail Sales, Core CPI, and Building Permits report are going to be published which are also assumed to have mixed results but any positive economic report result is expected to lead to further gain on the USD side in the short term. On the other hand, BOJ Policy Rate report was published recently where the key policy rate remained unchanged at -0.10% whereas Average Cash Earnings remained unchanged at 0.7% and Household Spending increased significantly to 2.0% from the previous negative value of -0.1%. This week, Japan's PPI report is going to be published which is expected to decrease to 2.5% from the previous value of 2.7% and Core Machinery Orders report is expected to increase to 5.3% from the previous value of -11.9%. As for the current scenario, this week USD/JPY is expected to trade sideways whereas certain bearish pressure is expected until the US comes up with positive economic reports to recover the gains in the coming days.

Now let us look at the technical view. The price is currently holding below the dynamic level of 20 EMA after rejecting off it with a daily close. The pair is currently going through a Bullish Regular Divergence which might get triggered after the price bounces back from the 105.50 price area with a daily close which will lead to further bullish pressure towards 107.50 in the coming days. As the price remains above 105.50 with a daily close, the bullish bias is expected to continue.

Exchange Rates 12.03.2018 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Rocky Yaman,
Analytical expert
InstaForex Group © 2007-2018
Benefit from analysts’ recommendations right now
Top up trading account
Get a bonus from InstaForex

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.