USDJPY short term upside
Kuroda is due to speak on Wednesday, which may iterate the BoJ's stance towards more QE if necessary.
Yellen is also due to speak on Friday, which may drive the dollar upwards if the tone is hawkish.
Nonetheless, a head and shoulders have formed on the H4 timeframe.
Price has consistently been supported by 99.5 and 100 region and resisted around 101 to 101.5.
Short term traders may consider trading this 100 pips range.
Yellen is also due to speak on Friday, which may drive the dollar upwards if the tone is hawkish.
Nonetheless, a head and shoulders have formed on the H4 timeframe.
Price has consistently been supported by 99.5 and 100 region and resisted around 101 to 101.5.
Short term traders may consider trading this 100 pips range.
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.
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.