The USD/JPY pair is trading marginally lower this Friday, technically neutral, with the risk skewing to the downside, FXStreet’s Chief Analyst Valeria Bednarik reports. Japan’s National inflation ex-fresh food fell to -0.2% YoY in April while the BoJ announced a further 30 trillion yen program to broaden coronavirus support. Key quotes “Japan published its National April inflation, which came in worse than anticipated. The CPI ex-fresh food was down by 0.2% when compared to a year earlier. Also, the BoJ had a monetary policy meeting, in which policymakers announced a further 30 trillion yen plan to broaden support to small and medium-sized companies, hit by the coronavirus pandemic.” “The 4-hour chart shows that it’s holding above its 200 SMA but below the 20 SMA, with both lacking directional strength. Technical indicators hover directionless just below their midlines.” “The USD/JPYpair traded as low as 107.31, which confirms the relevance of the 107.30 support. The bearish case will be firmer once the pair breaks below it.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY ignores BoJ headlines, extends sideways grind around mid-107s FX Street 3 years The USD/JPY pair is trading marginally lower this Friday, technically neutral, with the risk skewing to the downside, FXStreet’s Chief Analyst Valeria Bednarik reports. Japan’s National inflation ex-fresh food fell to -0.2% YoY in April while the BoJ announced a further 30 trillion yen program to broaden coronavirus support. Key quotes “Japan published its National April inflation, which came in worse than anticipated. The CPI ex-fresh food was down by 0.2% when compared to a year earlier. Also, the BoJ had a monetary policy meeting, in which policymakers announced a further 30 trillion yen plan to broaden support to small… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
