Japanese Yen Techs post-BoJ: USD/JPY, EUR/JPY, GBP/JPY

In the Wednesday video I looked at the Japanese Yen across the USD, Euro and British Pound, and as I said then, there was a bullish backdrop from shorter-term price action, despite the expected rate hike at the BoJ meeting later in the week.

Even though the BoJ hiked, Yen-weakness has been the name of the game against both the Euro and British Pound, and in the U.S. Dollar, the same 155.00 support level held the lows after the announcement and the pair retains bullish potential as we move into next week.

Next week is big – there’s an FOMC rate decision on Wednesday, and ECB rate decision on Thursday and then Japanese CPI data later that day. There’s also some U.S. inflation data due out on Friday morning to make for a fairly busy week.

In the video, I look at technical structure of all three pairs while updating from both the Wednesday video and last week’s JPY video, both of which are linked below.

The Wednesday JPY video:

Last week’s JPY video:

To see prior webinars, the link below will take you there: Price Action Webinar Archive Playlist-

James on X @JStanleyFX:

James Stanley’s video playlist:

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