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No Santa Claus rally for USD/JPY

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 24, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    For those intrepid traders still tracking the markets on Christmas Eve, today’s breakdown in USD/JPY could be a big development with repercussions that stretch into 2016. For USD/JPY bulls, the struggles started with the Bank of Japan’s meeting last Friday. In that fateful gathering, the BOJ opted to change the composition of its long-running asset-buying program to allow purchases of more risky assets, including ETFs and longer-dated bonds. Analysts have long been calling for the central bank

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