USD/JPY slips on fears of Kim Jong-un

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 62% 58% 6.45%
Shorts 38% 42% -10.53%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Neutral
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

Over the last couple of weeks, movement of the USD/JPY currency pair was strongly affected by news coming from the Korean peninsula.  

The same thing happened today as well. In result of a successful test of a hydrogen bomb, the Yen started to actively recover against the Greenback. These growing fears drove the pair straight through a combination of the weekly and monthly PP around 109.75 as well as the 100- and 200-hour SMAs. 

As a result, now the rate has no any obstacles on its way up until the updated weekly S1 at 108.80. Consequently, the bears are expected to continue to dominate the market at least until the pair will encounter the above support.

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