The Japanese Yen (JPY)
Key news events today
No major news events.
What can we expect from JPY today?
The USDJPY climbed steadily to the upside, reaching a high of 136.60 as the DXY strengthened significantly on Friday. As the USDJPY retraces from the high, look for the price to retest the 136 and 135.50 price range before trading higher again. If the USDJPY breaks strongly above 136.60, the USDJPY could continue trading higher toward the next key resistance level of 138.50.
Central Bank Notes:
Cash rate stands at -0.1%
Expanded range for 10 year JGB yield fluctuations to 0.5%
Next meeting is on 8 March 2023
Next 24 Hours Bias
Weak Bearish
