Trade indices Online
  1. Hello Guest Would you like to receive a FREE $50 No Deposit Bonus ? Check this

USD/JPY Plunges After Kuroda's Statement

Discussion in 'Technical Analysis' started by Kaitlin, Apr 7, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Joined:
    Aug 29, 2015
    Messages:
    6,711
    Likes Received:
    0
    Dovish Fed statement caused the USD/JPY currency pair to drop more than 50 pips lower, therefore, completely breaking out of the descending channel to the downside. The Buck is likely to prolong its decline, after BoJ Kuroda's comments earlier today triggered another Yen buying spree, also bolstered by the return[​IMG]

    Continue reading...
     

Share This Page

Trade indices Online