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USD/JPY trading signal - BoJ's Funo hints easing - 21 Jun 2018

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Signal details
Entry Price: 
110.30
Close Price: 
109.95
Direction: 
High
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
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The US dollar was trading strong after Yukitoshi Funo said that the BoJ needs to continue monetary easing under the current policy framework to hit its 2% inflation target. USDJPY found resistance near 110.80 and retraced some of yesterday's gains. We would expect the major pair to bounce from support level 110.30 and eventually close higher on the day.

usdjpy trading signal 21 jun 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.