– I’ll be looking for potential Buys above 201.640 targeting 4h Resistance at 202.150 Leaving Runners to the previous 1h Support formed at 202.770.
– I’ll be looking for potential Sells below 201.130 targeting Hourly Support at 200.710 Leaving Runners to the next Hourly Support at 200.340.
– The Bank of Japan is set to review interest rates, and the market is watching closely. With inflation pressures growing and the Yen experiencing prolonged weakness, traders are questioning whether the BOJ will stick to its ultra-loose policy or signal the beginning of a shift.
Expect increased volatility across JPY pairs as the market reacts not just to the decision, but to the tone of the statement and forward guidance. Stay patient, stay prepared.