(Weekly backtest and review) USDJPY
(USDJPY) outlook: Bullish. New support in-making if UJ break strong resistance at 151.945 (21 OCT 2022 high). BOJ continue keeping ultra loose monetary policy and keeping interest rate below 0(negative interest rate). However, Japan’s inflation rate catching up and getting higher, negative interest rate since 2016 ending soon?
Next BOJ interest rate decision: 15 DEC
Next resistance
-151.945 (21 OCT 2022 high)
-160 (02 APR 1990 high)
Next BOJ interest rate decision: 15 DEC
Next resistance
-151.945 (21 OCT 2022 high)
-160 (02 APR 1990 high)
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