USDJPY - Time of Truth

USDJPY - Time of Truth

The price violated 150.85 like the knife in the butter. All this movement was related to the FOMC that is still expected to share any hawkish signals through the Interst rate projection.
However the most important part of this movement was related to the fact that BOJ Increased rates after a long period of time but according to the market it was a rate hike followed by a dovish press conference.
All the movement created was on the wrong direction taking in consideration that BOJ took this decision after so many years and it is obvious that they will make more changes in the future.

Another problem that we have to be careful is that the USDJPY bull run may stop soon near to the current zone. It was a zone where BOJ reacted several times on the past by intervening in the market.
Probably BOJ may intervene today or tomorrow if the FED will push the price up during the FOMC meeting.

You may find more details on the chart.
Thank you and Good Luck!

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USDJPY - video analysis

02:10

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USDJPY +100 pips so far:)

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USDJPY didn't move from the top of the zone. it is still waiting there and the situation is critical. However, it could be close to the beginning of the bearish wave. It should be only a matter of time

🚨Breaking:
👉Japan’s CPI inflation data rose to 2.8% YoY in February from 2.2% in January, which remains above the BoJ’s target.

👉Japan’s Suzuki will watch foreign exchange moves with a high sense of urgency

✅We may see BOJ Intervening in the market as they are sending messages again considering the USDJPY exchange rate and the inflation that is rising. SO they have double problems

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USDJPY update

05:48