Sign up at HYCM today and start trading from as little as $100
Join an FCA regulated broker and trade over 100 CFDs

USD/JPY Testing 50-EMA Ahead of BOJ Statement

Fri, Jun 16 2017, 08:43 GMT


FxGrow Daily Technical Analysis – 16th June, 2017
By FxGrow Research & Analysis Team

USD/JPY Testing 50-EMA Ahead of BOJ Statement

As expected, BOJ has maintained Interest Rates at current -0.1% with 44-pips price action movement for Friday trading session. USD/JPY rallied to to 111.27 high, currently trading 111.15, flirting with 50-EMA at 111.19. Currently, U.S Index is still pushing higher with 97.54 June record high, giving bull hand to USD/JPY with expectations for further incline for the pair.

The pair still awaits BOJ's press conference shortly and market will have to wait for Gov. Kuroda statement with expectation for more ...

For more in depth Research & Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

Published on Fri, Jun 16 2017, 08:43 GMT

More entries by

FxGrow is an international online brokerage firm under the brand name of Growell Capital, catering the needs and interests of investors. It’s authorized and regulated by the Cyprus Securities and Exchange Commission ("CySEC") as a CIF limited company with a license number 214/13. FxGrow operates under the EU Markets in Financial Instruments Directive (MiFID)

More entries by This Author

Featured Forex Brokers