<p><a href=”https://admiralmarkets.com/analytics/traders-blog/usdjpy-fights-upward”><img style=”width:auto;” class=”img-responsive” src=”https://fxmedia.s3.amazonaws.com/articles/remote/622d3dd5d6f5a7869f3dc7bdaf457637.png” style=”” rel=”” alt=”USD/JPY economic events calendar”></a></p><p><em>Source: Economic Events 01 March 2019 – </em><a href=”https://admiralmarkets.com/analytics/forex-calendar”><em>Admiral Markets’ Forex Calendar</em></a></p><p>In last Monday’s weekly market outlook, we wondered “<a href=”https://admiralmarkets.com/analytics/traders-blog/usdjpy-bucks-correlation”>USD/JPY and Gold – correlation, where are you?</a>” And even though volatility was subdued over the last few days of trading, USD/JPY started to gain some momentum after initially failing to regain 111.00. </p><p>Interestingly enough, Gold didn’t take on further momentum on the upside, but instead traded back towards its potential <a href=”https://admiralmarkets.com/analytics/traders-blog/gold-bullish-2019-bounce”>long-trigger on the daily time-frame around 1,322/325</a> USD/ounce, while 10-year US Treasury yields were nearly unchanged over the last days. </p><p>The combination of the news that US president Trump and North Korean leader Kim <a href=”https://www.bloomberg.com/news/articles/2019-02-28/trump-says-no-rush-on-nuclear-deal-as-kim-answers-questions” target=”_blank”>failed to reach an agreement</a> in Hanoi, Vietnam, and the release of another set of weak economic data from the US, could push the USD/JPY to accelerate on the downside into the weekly close, especially if the currency pair drops below 110.30. With such a break, look to a first target on the downside of around 109.60 and below around 108.50 JPY. </p><p>After yesterday’s solid US GDP data (coming in at up 3.1% year-over-year on Thursday signalling the highest growth rate since Q2 2015) resulted in the USD/JPY closing above 111.30, it is definitely too early for USD/JPY bulls to bury their heads in the sand. If this break is sustainable, the path up to 111.70 and above 112.30 would be levelled. </p><p><a href=”https://admiralmarkets.com/analytics/traders-blog/usdjpy-fights-upward”><img style=”width:auto;” class=”img-responsive” src=”https://fxmedia.s3.amazonaws.com/articles/remote/be33df4dfbbc66517e90e295dabf74ff.png” style=”” rel=”” alt=”USD/JPY 4-hour chart”></a></p><p><em>Source: Admiral Markets </em><a href=”https://admiralmarkets.com/trading-platforms/metatrader-5″><em>MT5</em></a><em> with </em><a href=”https://admiralmarkets.com/trading-platforms/metatrader-se”><em>MT5-SE Add-on</em></a><em> USD/JPY 4-hour chart (between December 12, 2018, to February 28, 2019). Accessed: February 28, 2019, at 10:00pm GMT – Please note: Past performance is not a reliable indicator of future results, or future performance.</em></p><p>In 2014, the value of USD/JPY increased by 13.7%, in 2015, it increased by 0.5%, in 2016, it fell by 2.8%, in 2017, it fell by 3.6%, in 2018, it fell by 2.7%, meaning that after five years, it was up by 4.1%.</p><p><a href=”https://admiralmarkets.com/trading-platforms/metatrader-5″><a href=”https://admiralmarkets.com/analytics/traders-blog/usdjpy-fights-upward”><img style=”width:auto;” class=”img-responsive” src=”https://fxmedia.s3.amazonaws.com/articles/remote/6cd0de99655f9cb763e0cdf599e0afd1.png” style=”” rel=”” alt=”Download MetaTrader 5 and begin trading today!”></a></a></p><p><em>Disclaimer: The given data provides additional information regarding all analysis, estimates, prognosis, forecasts or other similar assessments or information (hereinafter “Analysis”) published on the website of Admiral Markets. 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