Looking at USDJPY’s chart, we can see that after the Bank of Japan tweaked its ultra-dovish policy, the Japanese Jen rallied, having the FX pair dropped from above ¥137 to below ¥133.
Spotlight on USDJPY. The latest daily technical analysis by AAATrade reveals the key support and resistance levels that each of these assets is likely to reach today. Look at the charts and our market analysts’ observations below and gain a fresh perspective on trading.
USDJPY
Looking at USDJPY’s chart, we can see that after the Bank of Japan tweaked its ultra-dovish policy, the Japanese Jen rallied, having the FX pair dropped from above ¥137 to below ¥133. Having broken through its support level, today we could expect the decline of the forex pair to continue forming a downtrend for the pair.
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