BREAK TO THE DOWN SIDE IS IMMINENT, GIVEN THE BENCHMARK FOR YEN CURRENCIES ALSO IS BEARISH . NOT BE CAREFULLY TRADED SINCE WE HAVE FED RATE COMING TODAY AT 2 AND THE PRESSER AFTER.
There is also a BoJ rate decision and presser during early Thursday trade. As usual, they haven’t given us a specific time. These events are likely to cause an increase in volatility for the EURJPY