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USD/JPY gains extend to over 200 pips on the day

This is a firm breakout above the 135.00 mark and was triggered in the run up to BOJ governor Ueda's press conference earlier. Ueda himself failed to offer much clear communication (you can check out my recap here) and so markets are running with the decision that the BOJ is not going to make any big changes any time soon.The jump above 135.00 also looks to be triggering some stops as we see the pair now hit a high of 136.18 in European trading.From a technical perspective, it was already highli... Read More

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Posted: Apr 28 2023, 10:17

Author Name: forexlive

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