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Post-BOJ USD rally runs into resistance

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The post-BOJ global risk-on rally petered out yesterday. This prevented further USD gains. USD/JPY initially stabilised in the lower half of the 121 big figure, but lost slightly ground later to end the day at 120.99 (from 121.14 on Friday). The US eco data (spending and income, Markit manufacturing PMI and manufacturing ISM) were soft, but mostly close to expectations and had hardly any lasting impact on USD trading. Fed Fisher acknowledged the potential impact of the recent rise in

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