Japanese yen is a capricious girl

At the beginning of the Thursday session in Europe we can witness growing interest for relatively safe assets like JPY. Prices upward movement may be partly caused by traders being worried about tension around North Korea. The US President Donald Trump is visiting Asia, and one of his goals is to discuss the nuclear threat from Pyongyang. Meanwhile the US Navy has sent three attack groups of aircraft carriers to hold trainings in the Western Pacific Ocean. These are the first training sessions in the last decade that will include three attack groups at a time.

The Japanese market is growing due to good reports of the Japanese companies. USD/JPY currency pair once again has tested the Fibonacci level of 61.8 at the point of 114,05. As a result, the currency is drawn back to 113,40, and we have to expect further fall after the 113,40 point is hit; since, according to the economic calendar, there are no notable news expected today, Larson&Holz analysts presume that the price falls down to 112,90.

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