Markets  |  February 12, 2013 08:15:00

Intraday Analysis USD / JPY

Consumer confidence in Japan achieved growth in January. Index of consumer confidence rose for the first time for last 5 months and implies the improving state of Japanese economy, which is experiencing reform steps premier Shinzo Abe. Index, which handles views on jobs and incomes in an improved to 43.3 points from December's 39.2 points.

USD / JPY this morning struggling to support 94.0. At 4 hours chart, we came together with bearish divergence spinning top candle, which could indicate a smaller correction coming trend. The overall trend remains bullish and we can only speculate, where would the eventual correction could get.

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Intradenní analýza USD/JPY

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