- Haruhiko Kuroda, BoJ Governor (based on WBP Online)
The US Dollar ended the previous week lower against the Japanese Yen , as it breached the up-trend and dropped to the lowest in five months. However, in spite of the US Bank holiday today, the USD/JPY is likely to edge higher, as the PBoC's policy movement and the BoJ Governor's remarks drove demand for the safe-haven Yen lower. The weekly and the monthly S2 around 117.50 are the levels to stop the pair's further appreciation; meanwhile, the weekly S1 and the should limit the dips in case a sell-off takes over the market.
More traders, 68%, have a negative outlook towards the Buck (previously 62%), while 51% of all orders are to sell the Greenback.