Sforex

USDJPY on the spot line

FX:USDJPY   U.S. Dollar/Japanese Yen
194 0 0
USDJPY             on the spot line:

BOJ Interest rate Decision + Statement.

Weekly Chart: Main resistance at 102.70, two trend lines form Triangle Pattern .

IF USDJPY             breaks :

- Upper trend line + main resistance level: You can LONG U/J to 104
- Lower trend line: Potential down to 101.

We should listen carefully what BOJ says, about impact of tax hike, consumer spending, future monetary policy .

And don't forget FOMC tomorrow, it will provide catalyst for U/J to rally.
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