Bank of Japan leaves bank’s policy target unchanged , USDJPY tests 119.35 levels before the next rise !

The Yen gains sharply this early morning , since the bank of Japan decided to leave the bank’s policy target unchanged . This development pushed the the Yen to the upside ,USDJPY declined below 120.00 levels , printed support at the 119.69 levels , note that a failure to hold below the 119.69 levels on a 4 hour closing basis , could mean a return to the 120.25/120.40 levels ……….

Anyway , despite recent fall ,short term outlook remains on the upside , for further details  stay tuned for USDJPY daily forecast………

 

Update : USDJPY Daily Forecast :

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