USDJPY Technical Analysis – The pair cracked through the key 152.00 handle ...Middle East

Fundamental OverviewThe BoJ eventually decided to hike rates by 15 bps bringing the policy rate to 0.25%. This move was expected given that the day earlier we got lots of leaks. Governor Ueda in the press conference didn’t say too much but it looks like the weak Yen was the main reason for the rate hike as the economic data hasn’t been supporting such a move.After some consolidation, the USDJPY pair broke through the key 152.00 handle and extended the losses into the 150.00 price region. There’s been a good argument that most of the moves we’ve been seeing in the past couple of weeks were driven by deleveraging from strengthening Yen. Basically, the squeeze on the carry trades impacted all t

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USDJPY Technical Analysis – The pair cracked through the key 152.00 handle ...Middle East

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