FX:USDJPY   U.S. Dollar/Japanese Yen
47 0 2
It was a busy Wednesday session for USD/JPY             . The pair initially posted gains but then reversed directions and has lost ground. Currently, the pair is trading at the 101 line. On the release front, the Bank of Japan did not change interest rates or the monetary base, but said it would abandon its monetary base target. The action continues later on Wednesday, as the Federal Reserve releases its policy statement and sets the benchmark rate, which is expected to remain pegged at 0.25 percent. On Thursday, the US releases unemployment claims.
{ will go back to the 101 level once again and might even break it } let's just watch...

PS:I may or may not take positions in the trade ideas discussed, trade the same quantity mentioned or execute a trade at the same entry and exit. Trade ideas discussed are, as mentioned above, for educational purposes only.

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