[JPY] Long Bias Available 2018 0417

USD/JPY 4-hour chart, source:KR futures

Japanese Yen(JPY) is classified to the safety asset as USD is. The currency pair USD/JPY is the pair between the safety currencies, and the fundamental analysis is different from Euro, Pound and so on, I think.

The four-hour chart tells the rising USD price. The dollar has risen against the yen since late March and the trend line tells us the long bias in USD/JPY. The price in the weekly chart rebounded and tries to make the upward pattern, Double-bottoms pattern.

The middle east crisis makes the investors to get the safety asset and dollar rises against another currencies.

And we need to keep long bias in USD/JPY.

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