When is the BOJ rate decision and how could it affect USD/JPY?

The Bank of Japan (BoJ) will conclude its latest policy meeting approximately at 2:00 GMT. The central bank is expected to maintain its short-term interest rate target at minus 0.1 percent.

RECOMMENDED

USD/JPY News

AUD/USD attempts a bounce from 2-week lows at 0.7115

The AUD/USD pair stalled its three-day losing streak and attempted a minor recovery from two-week lows of 0.7115, as the AUD bulls were rescued by a renewed uptick in its OZ neighbor, the NZD, after New Zealand’s Q4 CPI surpassed expectations.

AUD/USD News

Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Good things happen to those who wait

Signs of weakness appear while playing on the edge. ETH/USD must lead now or suffer for months. BTC/USD does not work for either side of the market.

Read full report

BOJ Preview: New excuses to kick the inflation can down the road

The Bank of Japan makes its first rate decision for the year on Wednesday, January 23rd, late in the Asian session. The BOJ is projected to leave all policy measures unchanged. 

Read more

Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Good things happen to those who wait

The most rising value right now is patience. In a world where everything goes faster than our mind is capable of handling, patience is today a value that is not taught and even less praised. However, in professional trading, being patient is an asset as valuable as money.

More Bitcoin News

Ripple’s XRP Price Prediction: XRP/USD explosive breakout due – Confluence Detector

Ripple’s XRP price was seen up in the latter part of Tuesday, holding modest gains of some 0.50%. The same story continues, as a lack of commitment is seen from either buyers or sellers, across the market. XRP/USD is moving within the range-bound formation, subject to a breakout south. 

More Ripple News

Litecoin Technical Analysis: LTC/USD life kicked back into the bulls

Litecoin price on Tuesday is seen holding decent gains of some 3% in the second half of the day. LTC/USD despite the decent gains in the session, price action is still trapped within a tight daily range. 

More Litecoin News

Bitcoin Forecast 2019: A critical year for cryptos

This year 2019 is going to be an essential one for Bitcoin without no doubt. After more than ten months of continuous falls, the next twelve months will be dicisive for the long-term future of Bitcoin.

More Cryptocurrencies News

EUR/USD analysis: lower low anticipates another leg south

Safe haven assets remain bid on trade and growth concerns

Safe haven assets remain bid on trade and growth concerns

Aussie lower as risk aversion grips global markets

Valeria Bednarik

ECB monetary policy decision and Markit PMIs to take center stage this week

The EUR/USD pair aims to close the week to the downside but within familiar levels, hovering around the 1.1400 level, not far from a weekly low of 1.1366. The common currency took a dive after a German report showed that the country's growth was the slowest in 5 years in 2018, just 1.5% up.



Yohay Elam

GBP/USD is trading marginally lower amid news that the UK Labour Party tabled a parliamentary motion that could open the door to a second EU Referendum, potentially averting Brexit.

The Technical Confluences Indicator shows that cable faces resistance at 1.2910 which is the convergence of the Pivot Point one-month Resistance 1, the Bollinger Band 4h-Middle, the Simple Moving Average 5-one-day, the SMA 200-15m, the SMA 100-one-day, the Fibonacci 23.6% one-day, and more.

Breaking above this level will allow GBP/USD to run higher, opening the road to 1.3004 where we see the Pivot Point one-day R3, and last week's high.

Looking down, Sterling has significant support at 1.2850 where we see the confluence of the Pivot Point one-day Support 1, the SMA 10-one-day, last month's high and also the SMA 200-1h, and the Fibonacci 61.8% one-day.

Read Full Report

Forex Foundation Video Course

New to Forex or want a refresher course in the key concepts? Learn from Seasoned Traders with our new video course in collaboration with the Online Trading Academy. These lessons will get you off to a fast start! And they are free.

Watch now

NEXT LIVE SHOWS

Date Event Title Sponsor More Info
Premium Elliott Wave Live Analysis Gregor Horvat Event Details
Premium Trading the News – Live Trading and Analysis Sam Seiden Event Details
Premium Trading Short Term VS. Long Term, what's best? David Pegler Event Details
Premium US Pre-Market Open Ed Ponsi, CMT, CTA Event Details