USD/JPY: Fundamental data was stronger than expected

Forex analytics: Assumption of the further rise in the pair USD/JPY was not correct. In the previous forecast of 28 March we said that consolidation of the price above the level of 113.65 (ЕМА200, ЕМА144 on 4-hour chart) will confirm the forecast and enable the pair to continue the rise. However, the pair failed to consolidate above the level of 113.65, although the price has broken down this level. ...