Japan’s central bank established a new policy rate range of 0% to 0.1%, cancelled its yield curve control programme, and pledged to continue purchasing long-term government bonds. The yen fell after the Bank of Japan ended the world’s final negative interest rates in a widely expected move, but leaving financial conditions easy for now.
After today's decision, I foresee a Yen appreciation in the medium term, this may become a little clearer after the FOMC.
152,0 important resistance level, after testing this resistance there may be a pullback fibonacci retracement 0.786 - 146,682.
After today's decision, I foresee a Yen appreciation in the medium term, this may become a little clearer after the FOMC.
152,0 important resistance level, after testing this resistance there may be a pullback fibonacci retracement 0.786 - 146,682.