Direct from the desk of Dane Williams,
This is not your average forex broker blog.

Even with the bounce off lows we've seen this week in equities, I can't attribute it to anything more than a dead cat bounce.

The economic situation is going to get a lot worse from here and I'm expecting a resumption in selling across indices markets next week.

At the start of this crisis, we'd seen equities dumps move into the save-haven of USD, but with the Fed promising to print unlimited money if required, maybe the Yen returns to favour here?

We've already started to see a turn on the USD/JPY daily chart, with the pair ripping down off its original swing high resistance zone.

USD/JPY Daily:

Japan is seemingly handling the outbreak of Coronavirus on their shores much better than the US and as a classic safe-haven currency, we could see USD/JPY really start to dump back through some of these daily zones next week.

Best of probabilities to you,

Dane.