USD/JPY breaks 109.90, takes out 110.40, stay long for 111

FX:USDJPY   U.S. Dollar / Japanese Yen
249 0 6
USD/JPY             saw a sharp 80-pips rally above 110 barrier in a knee-jerk reaction to the latest BOJ headlines.

BOJ is discussing negative-rate loans, following the decision by the BOJ to adopt negative rates on excess reserves earlier this year.

Pair has now broken above the 109.90 level but finds next strong trendline resistance at 110.40.

Daily techs are biased higher, breaks above 110.40 could see upside till 111 levels.

BoJ will hold its two day monetary policy meeting on 27-28 April where it is expected to decide policy rate and update forecasts inflation and growth figures.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out