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USD/JPY Plunges After Kuroda's Statement

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

  1. Kaitlin

    Kaitlin Forum Member

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    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]

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