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Forex technical analysis: USDJPY higher into BOJ decision. What levels are key and why?

Discussion in 'Technical Analysis' started by ForexLive, Oct 29, 2015.

  1. ForexLive

    ForexLive Forum Member

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    What are the levels to eye The BOJ decision and half-year forecast will be announced in the new trading day, and markets have taken the JPY pairs higher in anticipation(?) of more stimulus (a more hawkish Fed is also contributing). The market analysts are divided with 16 of 36 analysts at a Bloomberg survey expecting more easing, 8 seeing more stimulus but at a later date, and the balance not seeing any change in the future.

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