According to the comments of the rating agency experts, Moody's Investors Service:

1. Coronavirus is the biggest shock for Japan since the world financial crisis;

2. In 2020, Japan's GDP may decline by 6.5%;

3. In 2021, a 2.7% recovery is projected.

USD/JPY, 30 min

Pivot: 107.65

Analysis:

Provided that the currency pair is traded above 107.50, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 107.65
• Take Profit 1: 107.90
• Take Profit 2: 108.10

Alternative scenario: 

In case of breakdown of the level 107.50, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 107.50
• Take Profit 1: 107.35
• Take Profit 2: 107.15

Comment:

Technically RSI shows the possibility of an upward trend during the day. 

Key levels:

USD/JPY, D1

Pivot: 107.69

Analysis:

While the price is below 109.35, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 107.69
• Take Profit 1: 106.00
• Take Profit 2: 105.15

Alternative scenario:

If the level 109.35 is broken-out, follow the recommendations below.

• Time frame: D1
• Recommendation: long position
• Entry point: 109.35
• Take Profit 1: 111.20
• Take Profit 2: 112.20

Comment:

RSI shows a medium-term downtrend.

Key levels:

We also advise you to pay attention to the following currency pairs for intra-day trading:

EUR/USD – buy above 1.1110 with 1.1140 and 1.1155 as Take Profit targets. Alternative scenario - if the level of 1.1110 is broken-down, you should consider selling with the targets 1.1100 and 1.1080 as Take Profit.
GBP/USD - long positions above 1.2465 with 1.2170 and 1.2130 targets as Take Profit. Alternative scenario - if the level of 1.2465 is broken-down, sell with the targets 1.2430 and 1.2400 as Take Profit.
USD/CAD - sell below 1.3600 with 1.3500 and 1.3460 targets as Take Profit. Alternative scenario - if the level 1.3600 is broken-out, buy with the TP 1.3635 and 1.3670.