YEN pairs prepare for a long
Updated
YEN INDEX, touch the support and prepare for long after CPI data, supported by yesterday BOJ announcements as the new governor of Kazuo Ueda.
The new governor declare a change in policy must be done and is know as not a supporter of ultralose policy.
After CPI data i am expected USDJPY to fall hard, targets 129/127/125 and even turn back is it hope as in next BOJ meeting in 3 march to be a change in tone and maybe in policy too.
The new governor declare a change in policy must be done and is know as not a supporter of ultralose policy.
After CPI data i am expected USDJPY to fall hard, targets 129/127/125 and even turn back is it hope as in next BOJ meeting in 3 march to be a change in tone and maybe in policy too.
Trade active
Note
CJ touch resistence, if break above due the very good dat in Canada will wait for march
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i am not expected as first to make brkdown to be AJ but we willl see soon all to follow in special UJNote
Yen index well prepared for a nice move up.
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