MFXSCharts

USDJPY heavy going into BOJ

FX:USDJPY   U.S. Dollar/Japanese Yen
35 1 1
USDJPY             appears heavy going into the BOJ rate decision. Pair is consolidating between channel resistance and a rising minor trend-line. Resistance is a zone stretching from 102.25 and 103.35 where sellers are likely to fade spikes. We expect significant buying interest in the 100.60 - 99.60 support zone . We are not looking for a break in either direction, but BOJ days are notoriously volatile and anything is possible.
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