USD/JPY today is showing good upward potential, but strong hurdle is seen at 113.70.
The downward trend proved to be very strong. The pair dropped to 112.03 and I think it may drop even lower.
Sharp moves post rate raise... Interesting to see where it's going next.
It's good opportunity buying on dips.
The pair rebounded from 112.03 but I think this is not the end of the depreciation. The trend remains bearish.
USD/JPY is struggling around 112.50 and downside is favored.
With US macro data and BoJ this week the pair will get fresh directional
The pair is barely moving, I too think it is waiting for the BoJ announcement to have any kind of development.
USD/JPY is rallying, I think it will reach the resistance at 113.60 soon. Let's see whether it will be able to break out above it.