USD/JPY skyrockets through a previous high

The news from the Bank of Japan changed market sentiments and expectations sharply, since the price yesterday gained from the lower Bollinger band and the weekly S2 interception point at 91.82 to the upper Bollinger band merging with the monthly R1 at 96.50. Moreover, the pair breached a previous high and posted a new one at 97.19. The next resistance lies only at 98.74 and would be reached only after the highest point at 97.81 since August, 2009, is overcome.

Huge gains in the pair shifted market sentiments noticeably, as the sell side shrunk by 17% and reached 40%. Placed orders segment is almost indifferent to price changes, since there are 71% of orders ready to sell the Yen.