MFXSCharts

USDJPY heavy going into BOJ

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY appears heavy going into the BOJ rate decision. Pair is consolidating between channel resistance and a rising minor trend-line. Resistance is a zone stretching from 102.25 and 103.35 where sellers are likely to fade spikes. We expect significant buying interest in the 100.60 - 99.60 support zone. We are not looking for a break in either direction, but BOJ days are notoriously volatile and anything is possible.

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.