USD/JPY: under pressure

Forex analytics: Since mid- February, the pair USD/JPY has traded in the range of 115.05 Fibonacci 23.6%) – 112.00, 114.30 (ЕМА200 on 4-hour chart) – 112.40 (zero Fibonacci retracement level to the last wave of decline since 18 November and the level of 123.60).The Yen is in demand as a safe=-haven currency and amid the decision of the Bank of Japan to introduce negative interest rate (although this ...