Bank of Japan tweaked its ultra-dovish policy

AAATrade Team AAATrade

USD/JPY

Looking at USDJPY’s chart, we can see that after Bank of Japan tweaked its ultra-dovish policy, Japanese Jen rallied, having the FX pair dropped from above ¥137 to below ¥133. Having broken through its support level, today we could expect the decline of the forex pair to continue forming a downtrend for the pair.

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AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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