USD/JPY in a bearish trend as BOJ's Kuroda speech is pessimistic on the economy. Bank of Japan Governor Haruhiko Kuroda said the central bank would consider additional rapid easing if the coronavirus outbreak significantly threatened Japan’s economy and price trends. He called the coronavirus outbreak the “biggest uncertainty” for the domestic economy and added for [...]
USD/JPY maintains in a bullish trend. USD/JPY reaches from the intraday high near 107.80 to 107.65 in the early trading session on Monday. Japan's Economy Minister Nishimura is about making an announcement that the lockdown will be lifted in Tokyo, Kanagawa, Hokkaido and Saitama. Also Japanese government is ready to provide another aid package worth [...]
The daily high low trading strategy is based on a simple concept. If price breaks yesterday’s high or low, it will most likely continue in that direction of breakout. If you are trading a breakout of a candlestick that is larger than many that came before it, you may actually be taking a trade but [...]
A drop of 107.60 from 107.72 has resulted after BOJ’s inaction. The Monetary policy was left unchanged in the meeting hours after the emergency price review. Targeted aids for the small and mid-sized firms were extended. Like most central banks, there was no change in the short term interest rate and BOJ pledges to buy [...]
