USD/JPY
Results of the last meeting of the BOJ were not in favour of the yen, so the growth of inflationary indicators did not excite traders: the price showed a formal reaction, falling by only a few tens of points. Substantial pullbacks down can be used to open new longs, but there is a strong protection zone ahead with 1998 highs. It can be broken only on strong speculation with fundamental support.
Results of the last meeting of the BOJ were not in favour of the yen, so the growth of inflationary indicators did not excite traders: the price showed a formal reaction, falling by only a few tens of points. Substantial pullbacks down can be used to open new longs, but there is a strong protection zone ahead with 1998 highs. It can be broken only on strong speculation with fundamental support.
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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.