Currency pair USD / JPY showed decline last week, confounding forecast . At the moment, seeing that the price has reached the support area , but a clear pattern of price action for the entry is not observed. We should expect the price action pattern to enter the market from this support zone will likely hang up . But - just go conservatively bullish pattern after closing price action from 101.80 price level .
Fundamentally yen gained support amid meeting of the Bank of Japan , which discussed issues of monetary policy , which remains unchanged. However , the U.S. dollar may get support on Wednesday after the Fed meeting , because I think that most conservative trade this week - bar close environment to enter the market
Fundamentally yen gained support amid meeting of the Bank of Japan , which discussed issues of monetary policy , which remains unchanged. However , the U.S. dollar may get support on Wednesday after the Fed meeting , because I think that most conservative trade this week - bar close environment to enter the market
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