Sforex
Short

USDJPY: Not enough momentum for rally.

FX:USDJPY   U.S. Dollar/Japanese Yen
119 0 4
This week, we have two important central banks: BOJ and FED.

We knew that BOJ officially used negative interest rate last meeting to boost economy and spending, so I don't expect any measure in this BOJ meeting. It's likely is a non-event.

While I choose neutral stance and no rate hike decision in FED Meeting. It means negative view for Dollar.

Combine two events, I see a good chance to SELL USDJPY             next week.

I see there is no good reason for stock to be higher. No fuel and catalyst to lift up Stock market; hence, I see no need to buy USDJPY             .

Look at on the chart, USDJPY             is holding 113.50 handle as a key resistance level ; while 111 is a the support USDJPY             chose.

I think USDJPY             will down to near 111 floor this week.
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out