USDJPY - Waiting For BOJ Intervention - Boring Situation

USDJPY - Waiting For BOJ Intervention - Boring Situation


🚨 BOJ representatives are sending other messages even today.
So far we have only seen comments from them.
Let's hope the big wave happens soon.
I think the exchange rate situation is a big problem for them as it affects the economy in general.
As long as the exchange rate does not move relative to the fundamentals (interest rate increase) it means that the impact of BOJ decision was zero overall since their economy is based on exports.

🟢Japan's PM Kishida says it will take Appropriate Action if There are Excessive FX Moves
👉He also mentioned they will use any means to respond to excessive Forex moves.

👉It's desirable for Forex to move stably reflecting the fundamentals, volatile movements are not favorable.

Technical Analysis:
The price has been struck again near 151.90
This is an area where all the market participants are waiting for possible intervention from BOJ.
This fear is still keeping USDJPY under control and as we can see from BOJ comments they are ready to intervene...let's hope again.

Yesterday the price reached 150.85 and now is rising again because the market wants to see BOJ in action.

Be careful as the price can also make any small bullish move and it may crash after that.
The JPY situation is really critical at this moment.

You may find more details in the chart!
Thank you and Good Luck!

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