USD JPY bouncing back from the bottom zone of uptrend now

USD JPY Moving in an up trend now

USD JPY formed Higher Highs, Higher Lows in 1 hour chart. After reaching the bottom zone, USD/JPY starts to bounce back.

U.S. stock markets fell the most since 1987 in early trading on Monday, having been suspended, limit down, almost immediately after trading started, as the shutdown of increasing swathes of public life in the U.S. brought home the scale of the coronavirus outbreak.

By 13:50 GMT, the Dow Jones Industrial Average was down 2,773 points or 12% at 20,393 points. The S&P 500 was indicated down 10.7% and the Nasdaq Composite was down 11.5%.

Gold reached the major support level 1455 and starts to bounce back.

Coronavirus impacting the market more than expectation.

Most of the richest people lost their money in few days just by this panic market.

Please note : Most of the forex brokers increased their margins requirement for trading due to the uncertain volatility which impacting world wide economy. Please don’t use high lot at this time. Trade safe with care.

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