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Japanese Yen Weekly Forecast: Neutral
- Japanese Yen quit progression on Bank of Japan disappointment
- USD/JPY is considering a bearish Head & & Shoulders graph development
- GBP/JPY essential trendline outbreak fails, eyes on essential support
Recommended by Daniel Dubrovsky
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This week was rather a disappointment for the Japanese Yen after the fireworks around the Bank of Japan’s monetary policy statement. Those wishing for an extra significant change in the direction of the hawkish side were left let down. Even though the reserve bank changed Yield Curve Control (YCC), the BoJ decreased longer-term inflation projections, opening the door to continued easing.
While USD/ JPY was left little bit transformed over the previous 5 days, the Japanese Yen quit gains of as long as 2.4% versus theUS Dollar USD/JPY rallied over 1.2% simply on Friday alone, turning around nearly all the …
