GirishKumarTanwar

USDJPY PREDICTION BY GIRISH TANWAR

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
As the BOJ is silent on monetary policy, the pair is still in green. Though upside is limited as it is already in all time high zone. Inflation data in Japan may make the policy makers think to bring the negative rate to neutral and in positive digits. So in my opinion the pair is going towards its recent demand zone that is 127 level and after breaking that it will go southwards in 116-120 consolidation range.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.