2020-09-16 18:31
Market analysisUSD/JPY Outlook (16 September 2020)
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Market analysis：
Overall, USD/JPY is ranging across. Recently, USD/JPY trended into the support zone of 105.400.
The Bank of Japan (BoJ) will be announcing their interest rate decision tomorrow at a tentative timing. It is expected that the central bank will be holding interest rate unchanged at -0.10% while no new monetary policy changes will be carried out. A press conference will also be held at a tentative timing after the announcement.
Currently, USD/JPY is testing the support zone of 105.400 and the next resistance zone is at 106.800.
Look for selling opportunities of USD/JPY if it breaks the support zone of 105.400.
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USD/JPY Outlook (16 September 2020)
Singapore | 2020-09-16 18:31Overall, USD/JPY is ranging across. Recently, USD/JPY trended into the support zone of 105.400.
The Bank of Japan (BoJ) will be announcing their interest rate decision tomorrow at a tentative timing. It is expected that the central bank will be holding interest rate unchanged at -0.10% while no new monetary policy changes will be carried out. A press conference will also be held at a tentative timing after the announcement.
Currently, USD/JPY is testing the support zone of 105.400 and the next resistance zone is at 106.800.
Look for selling opportunities of USD/JPY if it breaks the support zone of 105.400.
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