Overall, USD/JPY is trending upwards. Recently, USD/JPY bounced down from the key level of 119.
The Japanese National Core CPI y/y data (Actual: 0.6%, Forecast: 0.6%, Previous: 0.2%) released earlier today indicated a rise in annual core inflation at a faster pace than previous month.
The Bank of Japan will be announcing their monetary policy decision later at an unannounced timing. With inflation in Japan running low and the high uncertainty caused by the ongoing Russia-Ukraine war, the central bank is expected to keep it’s monetary policy unchanged for now.
Japanese banks will be closed next Monday in observance of Vernal Equinox Day. Expect lower trading volatility and volume during the usual Japanese market hours.
USD/JPY’s next support zone is at 118.000 and the next resistance zone is at 120.000.
Look for short-term buying opportunities of USD/JPY.
The Japanese National Core CPI y/y data (Actual: 0.6%, Forecast: 0.6%, Previous: 0.2%) released earlier today indicated a rise in annual core inflation at a faster pace than previous month.
The Bank of Japan will be announcing their monetary policy decision later at an unannounced timing. With inflation in Japan running low and the high uncertainty caused by the ongoing Russia-Ukraine war, the central bank is expected to keep it’s monetary policy unchanged for now.
Japanese banks will be closed next Monday in observance of Vernal Equinox Day. Expect lower trading volatility and volume during the usual Japanese market hours.
USD/JPY’s next support zone is at 118.000 and the next resistance zone is at 120.000.
Look for short-term buying opportunities of USD/JPY.
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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.
Join my mailing list jindaotai.com/joinme
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.