I’ll be looking out for tomorrow’s BoJ Monetary Policy Statement and Outlook Report.
Expectation in this scenario is for the BoJ to maintain their current stance, as the economy progresses along as planned.
Pay attention to the tone of the statement, as discussions on the timing and scale of policy normalizations take place.
In my opinion, I anticipate the USDJPY to move lower to retest the 110 level.
Expectation in this scenario is for the BoJ to maintain their current stance, as the economy progresses along as planned.
Pay attention to the tone of the statement, as discussions on the timing and scale of policy normalizations take place.
In my opinion, I anticipate the USDJPY to move lower to retest the 110 level.
Order cancelled
trade not triggered as price failed to close strongly at the stipulated entry levelNote
UsdJpy retesting the 110 levelwill we see a strong bounce from here?
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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.