Mon, 18 Dec 2023 12:29:39 GMT
USD/JPY surges before BoJ events
The USD/JPY appears to be still waiting for the Bank of Japan to initiate a move, as the central bank is set to announces its future policy. Meanwhile, the rate started to surge, as it moved above 142.50. However, it could be short sellers closing their positions and taking profit before the fundamental event.
From a technical perspective, the surge