Analysts at Brown Brothers Harriman point out that the dollar alternated between rising and falling sessions against the yen last week. Key Quotes “The inside days recorded on last Wednesday and Thursday was a minor reversal pattern rather than a continuation pattern. The dollar returned toward the week’s high before the weekend (~JPY109.85). It stalled at the 20-day day moving average. The yen did not rally when the BOJ announced that it was reducing its 5-10 yr JGB purchases (to JPY430 bln from JPY450 bln).” “Arguably the reaction reflects investors’ understanding that this is a not a substantive change in policy or a sign that it is tapering. It may be a testament to the BOJ Governor Kuroda’s communication efforts and the idea that the main criticism from other BOJ board members is coming from those who take more action to ensure the inflation target is reached. We suspect the dollar needs to resurface above JPY110.20. Otherwise, the gains ahead of the weekend will look corrective in nature.” 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 GBP/USD allows for a corrective bounce to 1.3390/1.3505 – Commerzbank FX Street 5 years Analysts at Brown Brothers Harriman point out that the dollar alternated between rising and falling sessions against the yen last week. Key Quotes "The inside days recorded on last Wednesday and Thursday was a minor reversal pattern rather than a continuation pattern. The dollar returned toward the week's high before the weekend (~JPY109.85). It stalled at the 20-day day moving average. The yen did not rally when the BOJ announced that it was reducing its 5-10 yr JGB purchases (to JPY430 bln from JPY450 bln)." "Arguably the reaction reflects investors' understanding that this is a not a… 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.
