When I see graph with trend lines like here, I feel that technical analysis can make any children - just print graph, give a pencil, ruler and all is done! =)
Will USD/JPY head higher after the BoJ policy decision?
The two main events on Thursday for currency markets will center on major central bank decisions from the European Central Bank and Bank of Japan. Both of these events have the potential to make significant impacts on their respective currencies – the euro and yen. While expectations for the ECB are somewhat mixed, consensus expectations for the BoJ are substantially more one-sided. Perhaps the likeliest scenario for the BoJ is that the central bank keeps its policy unchanged as widely expected, and lowers its inflation forecast for both this year and next year. If BoJ officials then go on to suggest that the ... (full story)