EURJPY: Bearish Crab And Short Opportunity

YEN Report: JPY may gain weight on Monday

Technically: Bearish Crab Pattern on the H4 Chart

Fundamentally:

Latest News :

The Bank of Japan (BoJ) Governor H. Kuroda is back on the wires now, via Reuters, making additional comments on the monetary policy.

Headlines:

The economy is no longer in deflation.

Corporate innovation is contributing to low inflation.

But BoJ took measures in July to improve the situation.

Regional banks have plenty of capital.

Need to keep watching banks’ intermediary functions.

Still intends to maintain powerful easing monetary policy.

Japanese Prime Minister Shinzo Abe is out on the wires stating that he trusts Bank of Japan’s Governor Kuroda’s skills with regards to monetary policy, according to Reuters.

Key quotes

Trust Kuroda to run monetary policy.

Without a strong monetary policy, Japan wouldn’t escape deflation.

Conclusion

During the London and US session we may see stronger YEN:

Yorum:

Wait for the breakout of 126.600 and add short