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There is sign of weakness from USD against JPY on March 24, 2020

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At the 4-hour Chart, we see the Divergence between the CCI and the Candlestick. This condition gives us a clue for the USD weakness soon, especially after New York, Los Angles, and Seattle officially are locked down by the US Government. So, the economic in the country will be hurt as the US Unemployment Rate will increase soon plus every quarter of the Month will be a change of the trend. Thus, all these conditions will be confirm that USD/JPY soon will be going down and try to test 109.68 as long as the pair does not retrace to up more then 111.60.

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The material has been provided by InstaForex Company - www.instaforex.com