financialflagship

USD/JPY – Week 12 – Correction expected.

Short
FX_IDC:USDJPY   Dollaro / Yen giapponese
At its latest monetary policy meeting, the Bank of Japan extended the range of its target for the 10-year bond yield and only made moderate changes to its policy framework. They see no clear signs that a further policy adjustment is forthcoming.
This statement correlates well with our technical analysis for UJ, as we expect the price to continue ranging for next week. There is a slim chance that we may break the top once more and test the daily resistance level, but this will be short-lived, as the correction waits just around the corner.
Trade with care.

Best regards,
Financial Flagship

Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Trade chiuso: stop raggiunto

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