Ex-BoJ dep gov Wakatabe: Will be surprised if BoJ changes YCC Friday BOJ USDJPY CentralBanks
to keep policy settings unchanged. The bigger news will come in his press conference and the extent to which he hints at an overhaul to come.USD/JPY H4 chart
We have the head and shoulders formed with the price on the back side of the prior rising trendline support that is now expected to act as a counter-trendline. We also have seen a break of the 4-hour structure and a correction into the bearish trendline resistance meeting the 38.2% ratio. Bears are engaged here which will possibly result in a downside continuation with 132.80 eyed. Information on these pages contains forward-looking statements that involve risks and uncertainties.
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