Japanese Yen Technical Analysis: BoJ Tonight, USD/JPY Near Highs

From dailyfx.com

The benefit of trend trading is often in margin of error. If a prevailing trend is going to lift in a singular direction, well that can afford a bit more sloppiness with entries, and it can also make the prospect of getting on the right side of a trade seem simpler, as there is a prevailing bias that one can latch on to. For much of the past 18 months FX traders have had such a theme in the Japanese Yen. As rates have lifted across-the-globe, the Bank of Japan has been able to stay loose and passive while capping yields on 10 year Japanese Government Bonds at 0.25%. This policy has also come along with some ... (full story)