Sharp volatility seen in March due to COVID19 dragged down USDJPY to 101.18 before it bounced back to 112. Similar movement has been seen across all asset classes globally with equities commodities and currency markets facing panic selling along with the currency segment. Is the volatility over for now? Could there be some more panic coming in from further bad news on COVID19 concerns? While that is still uncertain, we have analysed the technical charts and factors that may affect the movement in USDJPY in the coming months.
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