The daily forex analysis on April 15, 2021 will discuss the movement of the Japanese Yen versus the US Dollar in trading on Wednesday, April 14, 2021 yesterday moved higher, this strengthening occurred in the Japanese Yen currency. The strengthening of the yen occurred because the US dollar weakened against other major currencies. In addition, the strengthening of the Yen is also supported by physical buying actions carried out by market participants, as we know the Yen currency is also one of the safe haven currencies besides the US Dollar. This usually happens if market conditions are unstable due to several factors, such as unstable geopolitical conditions and gloomy stock market conditions. For today's market movement, it is predicted that the Yen currency will continue to strengthen compared to the US Dollar. The weakening of the US Dollar occurred after the dovish speech of the Chairman of the Central Bank of the Fed "Jerome Powell". Powell said that there will be no plans to raise interest rates until an undetermined deadline. He conveyed this after the release of higher inflation data compared to the previous forecast and period.

Forex Daily Analysis : April 29, 2021

As is known, currently the American government under the leadership of Joe Biden is actively disbursing a stimulus package with a large nominal, which aims to re-move the wheels of the economy that had been in place due to the Covid-19 pandemic. The inflation rate was released higher and was the highest level in 2.5 years, this is due to development activities and activities aimed at moving the wheels of the economy. In addition, the distribution and implementation of Covid-19 vaccination activities in America is still continuing. Analysts predict that America will soon be able to rise and succeed in leading the economy in the post-pandemic world. The Chairman of the Central Bank of the Fed also said that currently the US is at a rebound point. As for how long it will take for America to return to normal, President Biden has given an overview of what it will look like in just a few months. Although currently the United States leads with the largest number of Corona positive patients in the world which reaches 25,000,000 people and the death rate reaches 400,000 people and the recovery rate reaches around 13,000,000 people. Even so, America remains optimistic that it will be the first country to be free from Covid-19 and the first country to recover to a normal point for its economy.

Forex Daily Analysis Predictions Chart USDJPY analisa harian 15-04-2021

Today's FOREX prediction on the USDJPY pair is expected to strengthen/decline and the recommended OP (Open Position) is SELL at the level of 108,700. With a Target Profit (TP) of 10 - 20 points and a Stop loss (SL) of 5 - 10 points.
Preference BEARISH
Target Profit 1 108,600
Target Profit 2 108,500
Stop Loss 1 108,750
Stop Loss 2 108,800
Thus the daily analysis of forex on April 15, 2021. Keep Money Management and Risk Management first in your trading.

Forex Daily Analysis : April 23, 2021

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