Strategic Insights on the GBPJPY and USDJPY! Key Cautionary Zone

Key Cautionary Zones
Strategic Insights on the GBPJPY and USDJPY!

The market is paying attention to what may happen next to the JPY pairs.
The BOJ raised interest rates but the impact was insignificant.
On the other hand, they commented that the exchange rate was not important in influencing the inflation rate.

However, at the same time, it is not clear whether they want to keep the USDJPY exchange rate under control or not. They are not doing much, but they are also concerned about the exchange rate as they comment daily on this topic.
What is happening from a technical point of view and when can the price drop?

Thank you and Good Luck!

Comment:

Comment:

WEDNESDAY, MAY 15th we have CPI data in the US.
It will be the main news event for this week and also the catalyst of the market.
It could indicate a short-term direction around the USDJPY

Comment:

GBPJPY and USDJPY rise amid BOJ's reluctance to intervene

As I explained in the video analysis, the price in both currency pairs was testing a very strong zone and they had identical patterns.

The only reason that could have decreased the price was the BOJ's intervention. As long as the BOJ is not taking further steps to intervene in the market, GBPJPY and USDJPY are rising and heading to the next support zone, as I explained earlier.
NO BOJ Intervention = No bearish movement in JPY pairs