USD/JPY above 109 even with close negative, comments Trump

The pair USD/JPY gained some momentum after the recent comments of the u.s. president Donald Trump and had a quick jump of 30 pips.

Despite this recent rise, the pair is still headed for a close negative on a daily basis. For the moment, the pair is trading at 109.23, a decline of 0.08% on the day. In a recent interview with The Associated Press, Donald Trump revealed that he planned to announce a tax plan next week, which would introduce cuts to individuals and businesses.
After the comments of Donald Trump, the index of the dollar of EE.STATES reached a new high of the session at 99.94.

In addition, the ad received some positive feedback from the stock markets and also helped to improve risk sentiment before the markets finish the week.

After a weak start on the day, the Dow Jones Industrial Average recovered losses daily and now it is back on the positive side, gaining more than 8 points on the day. Weekly, the pair joined around 100 pips while the YEN struggling to find demand as a safe haven in the midst of the lack of developments surrounding the tension between the united States and North Korea.

Technical levels

The pair could face the initial obstacle in 109.80 (DMA 200) followed by 110 (psychological level) and 110.80 (a maximum of 27 march).

To the downside, supports could be found at 109 (psychological level) pending 108.10 (minimum of 17 April) and 107.75 (minimum of 15 of December).

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