Jin_LCMSTraders
Short

Tomorrow’s BoJ Monetary Policy Statement and Outlook Report

FX:USDJPY   U.S. Dollar / Japanese Yen
I’ll be looking out for tomorrow’s BoJ Monetary Policy Statement and Outlook Report.
Expectation in this scenario is for the BoJ to maintain their current stance, as the economy progresses along as planned.
Pay attention to the tone of the statement, as discussions on the timing and scale of policy normalizations take place.

In my opinion, I anticipate the USDJPY to move lower to retest the 110 level.
Order cancelled: trade not triggered as price failed to close strongly at the stipulated entry level
Comment: UsdJpy retesting the 110 level
will we see a strong bounce from here?

Comments

I do hope to see a strong bounce here.
Reply
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