USDJPY head lower on BOJ monetary statement

USDJPY head lower on BOJ monetary statement

Rami
29 (07) 2016 - 09:29 (GMT)
0

USDJPY head lower after BOJ kept interest rate unchanged while refrain from expanding government Bonds purchasing which shocked the market against economist expectation which lead for Yen demand As a precaution measure 

support level at 101.50 which may drive for rebound correction toward zone (103.50 - 104.00) while below 101.50 more drop may hit market toward (99.00-50) zone

below 99.00 market will retrive the old Mid-Long-Run target at 94.90

USDJPY

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Rami

Rami

Hi all, my name is Rami, with more than 16 years experience in Forex Market, switching from Brokerage field to Fund Management and Risk Management specialty.I had an idea to establish a Home Page to present my thoughts on Forex Market from three different angle or prospective, Mid-Run, Short-Run & Intraday movements .

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