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USD/JPY trading signal - Bank of Japan Governor Kuroda Speech - 25 Sep 2018

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Signal details
Entry Price: 
112.90
Close Price: 
112.96
Direction: 
Low
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
5/5 of 4 ratings

In today's speech BOJ's Governor Kuroda stated that the current monetary policy will remain in place until reaching the 2% inflation target. We would expect USDJPY to face some resistance near 113.00 and eventually to close lower on the day.

usdjpy trading signal 25 sep 2018

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. He has no business nor personal relationships with any mentioned government entities or stocks. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion.