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The Japanese yen has kept on strengthening after a possible currency intervention by BoJ. Ahead of the Bank of Japan's next meeting at the end of the month, the USD/JPY pair is in a downtrend. The ...
Fresh weakness is pressuring key supports at 155.70 zone (daily cloud base / Fibo 61.8% of 151.85/161.95 upleg) where a bear trap has formed on last week’s strong downside rejection. Reaction at daily ...
The USD/JPY outlook remains bearish as the yen gains ahead of next week’s Bank of Japan and Fed policy meetings.
USD/JPY volatility looms as BoJ’s rate decision and JGB purchase cuts could significantly affect Japanese Yen price trends.
USD/JPY may be on the brink of a possible multiweek downward correction if it posts a daily close below support at 156.50, Oanda said.