Usdjpy selling pressure read the caption

19. März

USDJPY is churning chart paper just above the 149.01 handle as investors gear up for a central-bank-heavy week. The Bank of Japan (BoJ) is expected to deliver an update on its negative interest rate regime early in the Tuesday market session after Japan’s spring wage negotiations showed the highest wage increases in over three decades. The Federal Reserve (Fed) also expected this week and will drop its latest Dot Plot summary of interest rate projections on Wednesday