USD/JPY Technical Analysis: Upside Risks Heightened Before BoJ (Levels) | Forex Factory

  • USD/JPY Technical Analysis: Upside Risks Heightened Before BoJ (Levels)

    From dailyfx.com

    Stocks selling off after the Federal Reserve rate decision on January 27 helps to show the relief that had reliably come from the Fed may be gone for now. While this is rather supportive for the US Dollar as a whole, USD/JPY is in a unique scenario that does not favor buying the US Dollar. Instead, it is best to keep an eye on equities via the JPN225 or Japanese Nikkei or the SPX500 to get a sense for the likely direction of risk or the Bank of Japan’s intention to further expand QQE. Because USDJPY is strongly correlated to risk sentiment, the direction of broader markets will likely determine the overall ... (full story)

Comment Options
greendiesel
Jan 28, 2016 6:55am — Edited
Permalink
Tyler your no trader, and l sense your Christmas tree wasn't very full of color at Xmas time when you were young, so know you make up for adding all that colored B.S onto your charts, you fool!! K.I.S.S
Reply

  • Related Stories

There are no posts to display for these settings.
  • Story Stats