Forecast for USD/JPY on October 22, 2019

jpy_1Yesterday, the dollar against the yen once again showed approximate stability in the market.

External support for the pair still came from the stock market (S&P 500 0.69%), which, in turn, grew due to optimism regarding trade negotiations between the US and China.

The risk of further development of a reversal divergence remains on the daily chart.

Exchange Rates 22.10.2019 analysis

Only a price move above the resistance of the red price channel 108.90 can remove this risk.

Exchange Rates 22.10.2019 analysis

Origin: InstaForex

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