USDJPY Daily Outlook - On Monday, the coronavirus partnered up with an oil price tank to shake the whole world…

Meanwhile, we found out that Canadian Housing Starts Declined in February 2020, the German trade balance fell, and Japan’s economy shrunk faster than first estimated on the growing virus, so we’re facing a recession risk according to some analysts.

On Tuesday we don’t have many noteworthy economic risk events on the calendar, but the Coronavirus is expected to continue to lead the markets…



Today I’m looking at the USD/JPY pair which reached the 101 level we predicted last week and appears to be correcting at least some of the losses early on Tuesday’s Asian session.This level has acted as a super strong support for the last 5 years...

So if the bears are able to push below this level this week, we may see a repeat of the 2008 market crash with the pair eventually dropping to an 8 year low…

However, before jumping the gun, I’d recommend that you sit back and chill for a second, calculate your risk tolerance and then make an investment decision.

My burning question for you today is this: do you know your risk tolerance?

Head over to the comments section and let me know!

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