Today’s FOMC meeting policy was as expected, with a 75-basis-points rate hike to 3.25%. In reaction, the USD/JPY moved towards the upside breaking a daily consolidation level.
The JPY, however, may find some support after the Bank of Japan (BoJ) carried out a rate check in preparation for a possible intervention for the currency. Japan is now prepared at any...
The Japanese yen is now in a bullish trend from 2021-01-06 with a slight correction from 2021-09-21.
If the yen breaks through the 115.600 level and holds there, the road to 18.600 will be clear. I will look for buying opportunities in that area.
Only a drop below 112.746 may reverse the trend
hey tradomaniacs,
JPY is currently testing a very strong resistance-zone and could continue to fall 👉
If that`s the case and we see rising yields, we can consider to BUY EUR/JPY as US-DOLLAR is under pressure!
