USD/JPY
The growth of the USD/JPY pair under the influence of the growing stock market amounted to 22 points yesterday. The price overcame a signal level of 107.78, the growth continued this morning. The nearest target at 108.30 is open.
The price rises above the balance and lines on the four-hour chart, the Marlin oscillator is also in a growing position in the zone of positive values.
To confidently continue the upward trend today, it will be useful to track the US data on orders for durable goods (Durable Goods Orders). The forecast for the April indicator is -19.0% versus -14.7% in March. The outlook is negative, it makes it clear that industrial production in subsequent periods will be weak. The release of Durable Goods is better than forecast, preferably and better than the March indicator, will give hope for a moderate drop in subsequent industrial production and market growth.
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