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USDJPY technical levels through the BOJ meeting

Discussion in 'Technical Analysis' started by ForexLive, Sep 20, 2016.

  1. ForexLive

    ForexLive Forum Member

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    USDJPY trades nearer recent lows. The BOJ in the new trading day. The FOMC is tomorrow. So that combination makes trading this event even more difficult. As a result, there is a chance that the market races one way and comes right back. So be careful. It is already a tough enough decision to figure out the price implications. It seems that most think that the USDJPY is going lower and a move below the 100.00 level is on the horizon. The technicals are more bearish currently with the price remaining below key MA levels and trend lines as well. It means nothing except the market is more bearish. The buying and selling will determine whether that bias remains that way.

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