USDJPY is posting nice lower lows and lower highs since last 5 months. Current daily chart of USDJPY predicts that it may well continue further, as the bearishness queues up and little strong movement above 106. During last BOJ statement, the Interest rate was kept as it is and little hawkish statement went favor of Japan. Tomorrow's statement also may end up like that as Japan is ok with their fundamentals and there may not be any changes in Interest rate as expected. Having said that, still we have seen lot of surprises and we should be prepared for that.
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