USD/JPY: Markets Taking Control Despite BoJ - FXStreet
Valeria Bednarik,
chief analyst at FXStreet noted that the USD/JPY pair extended its
decline down to 105.54 before finally meeting some buying interest, and
bounced modestly to close the day a handful of pips above the 106.00
mark.
Key Quotes:
"With Japanese markets
closed for the Golden Week holidays, chances of a BOJ's intervention
are limited, yet the risk of a surprise announced could not be
dismissed.
In the meantime, market players seem determinate to
test BOJ's convictions by pushing the pair towards the 105.00 line in
the sand, established a couple of weeks ago, something that should be
favored by the continued negative mood."
