Upward bias until the Bank of Japan's March 19 announcement, but hopeful for Governor Ueda's hawkish remarks
Good morning
Speculators' yen buying positions are becoming a topic, aren't they
Since this is not real demand, at some point a reverse yen selling will occur
There is talk of a future yen depreciation,
what could trigger it
Bank of Japan? FOMC? ...
Long positions in USD/JPY are entering with that in mind
Upside reversal in New York time continues, doesn’t it
Finally today is the Bank of Japan policy announcement
It briefly broke above the 20 moving average but ended with a bullish candle with a long upper wick
Will it move toward the orange line?
W-shaped bottom formed by rising lows and highs, leading to an rise
Buying pressure is strong
It is trading above the 20 moving average
Currently the 20 MA is around 149.0
Speculators' yen buying positions are becoming a topic, aren't they
Since this is not real demand, at some point a reverse yen selling will occur
There is talk of a future yen depreciation,
what could trigger it
Bank of Japan? FOMC? ...
Long positions in USD/JPY are entering with that in mind
Upside reversal in New York time continues, doesn’t it
Finally today is the Bank of Japan policy announcement
Chart Analysis
Dollar/Yen daily chart
It briefly broke above the 20 moving average but ended with a bullish candle with a long upper wick
Will it move toward the orange line?
4-hour chart
W-shaped bottom formed by rising lows and highs, leading to an rise
Buying pressure is strong
It is trading above the 20 moving average
Currently the 20 MA is around 149.0
15-minute chart
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