Usdjpy is currently in a consolidation phase following the tremendous uptrend that brought it to the 20 year high of 131.38. In the early months of 2002 it reached the 135.00 landmark which is the next resistance should the consolidation be broken towards the upside. Should that be broken too the all time high of 147 would be the next and last resistance.
The BOJ Kuroda did mention that the 130.00 landmark was the line in the sand however that has not changed anything in the price action as the interest rates are still the same.
The current range is between 131.38 and 127.00.
What do you guys think will happen with the japanese yen?
The BOJ Kuroda did mention that the 130.00 landmark was the line in the sand however that has not changed anything in the price action as the interest rates are still the same.
The current range is between 131.38 and 127.00.
What do you guys think will happen with the japanese yen?
