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"The BoJ yesterday increased its asset-purchase fund to 76 trillion yen ($904 billion) from 66 trillion yen and kept its inflation target at 1 percent, while saying it will discuss medium- to long-term price stability at its next meeting"
- Bloomberg
Pair's Outlook
USD/JPY pair depreciates from the highest level since April, 2012, but the price remains in a wide channel with boundaries at 83.82 and 84.42. If today the currency pair brakes the lower boundary and settles beneath it, than it is very possible to see the price's depreciation till 83.00, where the 20-day SMA merges with the psychological level or decrease even lower to a 82.60 level, where the upper boundary of a horizontal channel lies.
Traders' Sentiment
USD/JPY pair recovers bullish sentiments, as the buy side reached 56% and the sell side slipped to 44%. Placed orders market shows very small changes, as 84% of orders are buy and 16% are sell.
© Dukascopy Bank SA