This is something that could possibly play-through around the FOMC rate decision, but this would seem an exceptional case that may or may not happen. So, instead, a shorter-term level around 86.25 could be looked to for higher-low support potential, and from shorter-term charts, we can see where there was a bit of gyration around 85.70-86.30 which can present an area of potential higher-low support for bullish continuation scenarios
Comment:
This is something that could play out around the FOMC rate decision, but it appears to be an outstanding case that may or may not occur. I Believed the oil drop on Thursday was merely a minor correction, and we anticipate more bullish movement in the near future. Also, A weaker yen helps boost the profits of Japan’s exporters while generating some upward pressure on prices via more expensive imports. As a result, for higher-low support potential, a shorter-term level may be considered.
Comment:
The BOJ also said it would focus on buying ETFs from the TOPIX rather than the Nikkei 225.