EUR/JPY Weakness Post BOJ Comments - Further Direction?
Governor Ueda was on the wires last night with variance comments supporting a slightly stronger Yen.
Lots of caution was issued but overall seems that slight leaning to hikes/when they'll be has given a bit of a shift in sentiment.
Unlikely BOJ will allow another series of devaluation and likely look for rate hikes to control currency rates VS major economies.
Any shorts for me are higher up the FIB scale (and value scale). If no real follow through comes would not be surprising to see this occur.
Lots of caution was issued but overall seems that slight leaning to hikes/when they'll be has given a bit of a shift in sentiment.
Unlikely BOJ will allow another series of devaluation and likely look for rate hikes to control currency rates VS major economies.
Any shorts for me are higher up the FIB scale (and value scale). If no real follow through comes would not be surprising to see this occur.
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Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
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Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.