16.03.2020 USDJPY Analysis

16.03.2020 USDJPY Analysis On the fourth trading day of the week, weak economic data flow continued in Japan, while the US PPI fell more than expected in February with 0.6 percent. On the last trading day of the week, the tertiary industry activity index in Japan increased by 0.8 percent, remaining below 1.2 percent in February. In the US, consumer confidence at the University of Michigan fell from 101 to 95.9 in March. While the effects of the virus spreading in the global markets continued during the day, it was observed that the USD / JPY parity continued its upward movement at the end of the day with the recovery observed in the US Dollar. Technically, it was observed that USD / JPY parity continues to be determinant at 107.98 level. If the upward trend continues as long as 107.30 is above the support level, 108.60, 107.20 and 107.90 are the important resistance levels to follow. If the possible sales and the downward trend in the parity are down, 107,30, 106,70 and 106,00 support levels can be followed. [mstock id = "1604"]