USDJPY reached profit target of 114.29

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Summary

The USD/JPY pair reached our first profit target of 114.29 on Wednesday, as did the AUD/USD pair at 0.7336 and EUR/USD at 1.0867. The NZD/USD pair dropped massively as the RBNZ kept rates unchanged at 1.75% earlier during today’s Sydney session. Coming up today we are looking at Switzerland’s Consumer Price Index out at 7:15 AM GMT followed by the UK Industrial Production (YoY) (MAR) at 8:30 AM. Bank of England Rate Decision (MAY 11) will be up next at 11 AM, expected to keep rates unchanged at 0.25%. The US weekly jobs report could shake the USD crosses later at 12:30 PM GMT. Thanks for watching and I wish you the best of luck making pips by trading forex.

 


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