Forex Daily Analysis : 09 April 2021

The daily forex analysis on April 09, 2021 will discuss the movement of the Japanese Yen versus the US Dollar in market trading on Thursday (April 08, 2021) managed to strengthen. The strengthening of the Yen was triggered by an action carried out by market participants, the action was to sell the spontaneity of US Dollar ownership.

Forex Daily Analysis : April 15, 2021

In addition, there was also the release of negative US data, which also supported the strengthening of the Yen currency. For today's market movement on Thursday 09 April 2021, the Japanese Yen versus the US Dollar is expected to try to weaken (the chart or chart will rise). In addition, one of the factors that caused the Yen's movement to weaken was a surge in the number of Covid-19 patients in the Tokyo area. As a result, the Japanese government immediately took action by imposing a lockdown in the area. The US Dollar currency had experienced weakness in market trading for the past few days. The reasons for the weakening of the US Dollar include the existence of a long-term stimulus plan coupled with the release of increasing weekly jobless claims data. The US Unemployment Claims data was released at 744K, higher than the predictions and data in the previous period which were only 682K and 728K. As we all know, in the Biden administration, he plans to launch stimulus for the development of the infrastructure sector in a large amount.

Forex Daily Analysis : April 22, 2021

In the midst of a sizable monetary stimulus and fiscal policy plan, all of which aim for a faster recovery of the US economy. The weakening of the US dollar occurred due to market participants' concerns about long-term debt from loans made by the government to move the economy again. However, the expectation of a faster recovery of the American economy compared to other countries in the world, made market participants to maintain interest in the US dollar.

Forex Daily Analysis : April 29, 2021

Forex Daily Analysis Predictions

Today's FOREX prediction on the USDJPY pair is expected to weaken/rise and the recommended OP (Open Position) is BUY at the level of 109.450. With a Target Profit (TP) of 10 - 20 points and a Stop loss (SL) of 5 - 10 points.
Thus the daily analysis of forex 09 april 2021. Keep Money Management and Risk Management first in your trading.

Forex Daily Analysis : April 23, 2021

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Forex Daily Analysis : April 14, 2021