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zulle6716
Aug 22, 2016 10:14 AM

Long USDJPY @100.42 Stop @99.61 Target @103.00 Long

U.S. DOLLAR / JAPANESE YENICE

Description

WTi is retreating, supporting a bull move in USD, while Yen is being pressured by Kuroda's comment during the weekend about cutting interest rate.

Kuroda is scheduled to speak at BoJ's FinTech Forum tomorrow, and any comment from him is expected to be bearish for Yen.

Technical: Price is expected to test the 38.% fibo level to the upside.
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